Business
RMGI LOI Accepted
RMGI LOI Accepted.
About this update from Nrp Stone, Inc.
[{"type":"text","content":"Tuesday, August 27, 2019, Draper, UT – NRP Stone, Inc. (SYM: NRPI) is pleased to announce the acceptance of the Letter of Interest submitted by NRP Stone to Rare Metals and Gems Investors, LLC (RMGI) as an acquisition by NRP. The letter was accepted as prepared and will serve as the basis of terms for the acquisition. The Chairman and President of NRP Stone, Inc., David Clark, II, appraised the situation, “Marketing rights to RMGI’s products that will be obtained in the acquisition of RMGI fits our Vision and Objectives. Luxium and finished diamonds are different from anything we have found in the marketplace. These products have the potential to be differentiated by NRPI from every other precious metals and gems company in the world because it offers new alternatives to consumers and to industry alike. We are enthusiastic to make RMGI a part of NRP Stone and look forward to introducing and offering Luxium and these finished, white and colored diamonds to the world.”Both parties have agreed to schedule the closing for Friday, September 23, 2019, assuming all conditions are met. Transition is expected to take up to 30 days.NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. US OTC symbol: NRPI; CUSIP: 62940J200. Follow us on Twitter @NRPSTONE and at http://nrpstone.co.Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company, its management, or affiliates, undertakes no obligation to revise or update any forward-looking...