The Renewable Corporation Enters into Sale of Asset Agreement
October 02 2013 - 12:53PM
OTC Markets
LAKE PARK, Florida ?
August 23, 2013 ? On August 22, 2013, the Company entered into a
common stock repurchase agreement with The Radiant
Creations Group, Inc. to sell a
portion of the common shares that the Company received through
the Asset Purchase Agreement dated
July 10, 2013. The Company
granted The Radiant
Creations Group, Inc. an option to repurchase up to
3,250,000 of its shares for $0.1365 per share, for an aggregate
repurchase price of $443,625. The Company may repurchase the shares
in any increment and shall have 180 days to repurchase said shares.
At the end of the term the Company
and The Radiant Creations
Group, Inc. can renew this agreement for an additional 90
days upon a mutual written agreement.
The Companies management
determined the additional cash that could be granted for the sale
of the shares would be valuable to the current operations of the
Company.
Legal Notice:
This press release may
contain forward-looking statements, particularly as related to pro
forma financial statements, earnings estimates and business
expectations, within the meaning of Section 27A of the Securities
Act of 1933 and Sections 21E of the Securities Exchange Act of
1934, and are subject to the safe harbor created by these sections.
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
goals, assumptions or future events or performance are not
statements of historical fact and may be ?forward looking
statements.? Forward looking statements are based on expectations,
estimates and projections at the time the statements are made that
involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated. These forward-looking statements are only made as of
the date of the press release and The Renewable Corporation and the
companies discussed do not undertake any obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances.
SOURCE: The Renewable Corporation, www.TheRenewCorp.com
Corporate Contact
Information:
The Renewable Corporation, 1313 S. Killian Drive, Lake Park, FL
33403; Phone: 561-328-6488
Investor
Relations: Gary D.
Alexander, Corporate Secretary; Email: IR@TheRenewCorp.com; Phone: 772-380-4320
x3
Renewable (CE) (USOTC:RNWB)
Historical Stock Chart
From Jan 2025 to Feb 2025
Renewable (CE) (USOTC:RNWB)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about Renewable Corp New (CE) (OTCMarkets): 0 recent articles
More Renewable Corporation (The) News Articles