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Converde Energy USA, Inc. Closes Share Exchange Agreement and Becomes Current in Reporting
Converde Energy USA, Inc. Closes Share Exchange Agreement and Becomes Current in Reporting.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n\n\n\nConverde Energy USA, Inc. Closes Share Exchange Agreement and Becomes Current in Reporting\n\n\n\n\n\nConverde Energy USA, Inc. Closes Share Exchange Agreement and Becomes Current in Reporting\nPR Newswire\nALLENTOWN, Pennsylvania, March 15, 2017\n\n\n\nALLENTOWN, Pennsylvania, March 15, 2017 /PRNewswire/ --\n\nConverde Energy USA, Inc. (\"Converde\" or \"XFUL\"), (OTC Markets OTC Pink: XFUL), is pleased to announce the close of a Share Exchange Agreement and is now current in its reportings. This Share Exchange Agreement will provide a new direction and management for Converde and its Shareholders as well as renewed value.\n\nMr. Brad Domitrovitsch is the new Chairman, CEO and majority shareholder of Converde. Mr. Domitrovitsch states, \"We are happy to announce that Converde's state filings are now current. In addition, we have worked hard to bring Converde's financials current.\" Mr. Domitrovitsch went on to say that he is delighted to see the removal of the stop sign on OTC Markets, which gives investors further confidence in a new Converde.\n\nConverde has begun its first capital raise and has set a target of $5M. The majority of this capital will be used to build out its infrastructure and purchase producing oil & gas properties where Converde can leverage its water resources and treatment methodologies. Please visit http://americanenergy-inc.com/wp-content/uploads/2017/01/POM-12-28-16.pdf to view the Offering Memorandum.\n\nAbout Converde Energy USA, Inc.\n\nConverde's group of companies focus on providing solutions in the space where energy production and water meet technology. Our subsidiaries own energy operations as well as design, build and operate regional water treatment facilities that serve the industrial and energy sectors.\n\nHydration Corporation of PA, LLC (\"HCPA\"), a subsidiary of Converde is engaged in the businesses of water exploration, water augmentation, and the treatment of impacted waters. Through its subsidiaries and partners, we design, build, and operate regional water treatment facilities. HCPA is a leader in water-neutral energy solutions, as well as providing waste water technologies specifically designed to improve the impaired water disposal process.\n\nThe Company's IP delivers one of the highest energy yields from a broad range of water-bearing assets, with one of the lowest ca...