Business
American Green’s New Subsidiary, Delta International, is Expected to Invest Heavily in Nipton and Other American Green-run Projects
American Green’s New Subsidiary, Delta International, is Expected to Invest Heavily in Nipton and Other American Green-run Projects.
About this update from American Green, Inc.
[{"type":"text","content":"\n\n PHOENIX, AZ and NIPTON, CA, April 05, 2018 (GLOBE NEWSWIRE) --  American Green, Inc. (ERBB:OTC) is pleased to announce that American Green has received certificates representing 160,000 shares of Delta International Oil and Gas (OTCQB:DLTZ) Series A Secured Convertible Preferred Stock.\n Furthermore, American Green will deliver certificates representing 1,000,000 shares of Nipton, Inc. (100% of the equity of Nipton, Inc.) to Delta today, and as a result Delta holds title to all of the properties in Nipton acquired by American Green in 2017. American Green now holds more than 82% of the equity/voting power of Delta. Delta will be operated as a subsidiary of American Green and we will be consolidating Delta’s earnings on our financial statements. As a fully reporting public company, Delta can access a different investor tier to raise capital utilizing registered offerings, as well as the private placement structures that American Green has utilized in the past. This hybrid of capital-raising is expected to result in less costly capital and less overall dilution for American Green shareholders. By raising capital through the sale of equity, Delta’s assets will grow and eventually be able to qualify for exchange listing, opening additional opportunities for capital, and, as a consolidated subsidiary, American Green’s book value will grow concurrently with Delta’s, increasing shareholder value. Delta intends to register up to $5,000,000 of non-voting preferred stock on Form S-1 in order to fund future development in Nipton, and other projects, including, first and foremost, the consolidation of any properties, mostly already under contract, of any real value in the Ivanpah Valley in which Nipton is located. Expanding from there, Delta plans to capitalize on any opportunities for projects that present themselves. Some of these may include the National Preserve, the Bureau of Land Management and, potentially, San Bernardino County, in order to ensure that our consolidated interests  in Nipton are protected, and enhanced, while establishing and maintaining strong relationships with the relevant authorities, as well as any other interested parties that desire to see the area improved and the area’s natural beauty preserved. Beyond the real estate already in the queue, most antic...