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Eastern Goldfields, Inc. announces Letter of Intent with Grellner Media Holdings 1, LLC
BOSTON, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Eastern Goldfields, Inc. (OTC: EGDD) is pleased to announce that the Company has entered a Letter of Intent with Grellner Media Holdings 1, LLC on September 22, 2025. This Letter of Intent supersedes and replaces our prior discussions and understandings regarding the contemplated acquisition by Eastern Goldfields, Inc., a Nevada corporation, the Purchaser of all the outstanding shares of the capital stock of Grellner Media Holdings 1, LLC incorporated i
About this update from Eastern Goldfields, Inc.
[{"type":"text","content":"BOSTON, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Eastern Goldfields, Inc. (OTC: EGDD) is pleased to announce that the Company has entered a Letter of Intent with Grellner Media Holdings 1, LLC on September 22, 2025.","length":209,"tagName":"p"},{"type":"text","content":"This Letter of Intent supersedes and replaces our prior discussions and understandings regarding the contemplated acquisition by Eastern Goldfields, Inc., a Nevada corporation, the Purchaser of all the outstanding shares of the capital stock of Grellner Media Holdings 1, LLC incorporated in the State of Oklahoma (the “Seller”), together with all of the tangible and intangible assets and business.","length":399,"tagName":"p"},{"type":"text","content":"There are no guarantees that the two parties will reach final terms to close the transaction.","length":93,"tagName":"p"},{"type":"text","content":"Eastern Goldfields, Inc. is a Nevada company trading on OTC Expert Markets as “EGDD”.","length":85,"tagName":"p"},{"type":"text","content":"Safe Harbor and Forward-Looking Statements","length":42,"tagName":"p"},{"type":"text","content":"This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. Making such forward-looking statements involves substantial risks and uncertainties. Our actual results, performance or achievements may differ materially from those expressed or implied by our forward-looking statements. You can usually identify these statements using forward-looking terminology such as “may,” “could”, “will,” “should,” “expect,” “likely,” “anticipate,” “project,” “estimate,” “potential,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us, are inherently uncertain. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. In spite of the difficulties associated with making forward-looking statements, we believe that it is important to communicate our future expectations to our investors even though there ma...