Business
ASKE Finishing Iron Ore Deal
ASKE Finishing Iron Ore Deal.
About this update from Alaska Pacific Energy Corp.
[{"type":"text","content":"\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\nAlaska\nPacific Energy Corp Nears Completion of Iron Ore Acquisition.\n\nMiami\nFl. March 13, 2015. Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) announced today\nthat it has nearly concluded its deal with issued has agreed in principal with\nCND Metal Solutions for ASKE to acquire\nthe Company wherein ASKE will become the owner of 100 tons of Ore and will then\nhave it processed. The negotiations have been going on for the past year. There\nhave been many moving parts to the deal including restructuring the management\nof the management of the Company.\n \n\nAs\npart of the new structure Mr. Eric Weinberger had been installed as the new CEO\nof ASKE. Unfortunately, Weinberger had to step down temporarily for unrelated\npersonal reasons in February of this year. Past CEO Dominick Falso agreed to\nstep back in during Weinberger’s temporary absence and has been continuing the\nnegotiations with CND Metal Solutions. \n\n“The\ndeal has been agreed upon, although the execution has been and will continue to\nbe more of a process than an event.” Falso said. He continued “I was waiting to\nannounce the near completion of the deal until the return of Mr. Weinberger.\nHowever in an effort to keep our shareholder base informed I would like to\npresent a brief outline of the history of these talks as well as a status\nstatement that that identifies where are and what the next steps are.”\n\n· \nIn February of 2015\nJay King was hired as an outside consultant to identify and acquire a project\nfor the company to execute.\n\n· \nIn April of 2015 as we\nreported by news release the deal had been negotiated to a point where a plan\nhad been agreed upon by the parties with a projected closing date of 1Q of 2016.\nAs the first step of this deal and at the request of CND, Eric Weinberger was\nto be hired as CEO. \n\n· \nIn June of 2015 Mr.\nWeinberger was installed as CEO. At this time I released the following\nstatement:\n\n“As indicated in a previous press release there was a desire\non our part,\n\nto move Alaska Pacific Energy Corporation forward. We have\ncompleted \n\nex...