Business
American International Ventures Inc. Acquires Geoenergy USA, Inc.
American International Ventures Inc. Acquires Geoenergy USA, Inc..
About this update from American International Ventures, Inc.
[{"type":"text","content":"LITHIA, FL / ACCESSWIRE / February 27, 2018 / American International Ventures, Inc. (OTC PINK: AIVN). On February 20, 2018, the Company completed the acquisition of GeoEnergy USA, Inc. for twenty-five million common shares. GeoEnergy develops coal to liquids and other energy and natural resource projects worldwide using patented proprietary technologies and has over one billion tons of coal under its control with a conversion to heavy crude factor of 4 times which is equivalent to four billion barrels of synthetic crude oil reserves.Due to recent developments in the US Tax Code and the current administration's recognition of the value-added products that can use \"coal as a feedstock,\" the Geo Group can now compete in the world energy sector with a presence in the United States. With the positive shift in global markets and demand for energy, it now makes sense to \"bring our assets back home.\"GeoEnergy is relocating its World Headquarters from Singapore to West Virginia (USA) and is looking forward to supporting the rebirth of coal and coal-derived products for market to the chemical, pharmaceutical, plastics, and agriculture industries.The board appointed Robert G. Polce, Jr. (58), Chief Executive Officer, of American International Ventures Inc.Mr. Polce has lived and worked in the Asia-Pacific region for the past 25 years and has vast experience in business as an executive, principle, consultant, and investor. He is a seasoned International Financier and Private Equity Investor. He has acted as Trustee and Trade & Project Financing Specialist for European and Middle Eastern Private Trusts, with focus concentrated on the natural resource and energy sectors.Early in his career, while working in Switzerland, he acquired special skills and associations while connected with one of the largest commodity trading houses in the world. He also was affiliated with P&F Petro Credit in Zurich in a similar role.He then headed the BBF Trading Group of Companies headquartered in Singapore, serving as the company's Managing Director for 8 years. The BBF Groups' activities included mining, timber processing, real estate development and physical commodity trading in 11 countries throughout SE Asia.He is experienced in underwriting public and private capital projects. His specialties include asset-based financing using proven mineral r...