Business
SunX Energy, Inc. Announces Pending Acquisition In The Marijuana Industry
SunX Energy, Inc. Announces Pending Acquisition In The Marijuana Industry.
About this update from Suntex Enterprises, Inc.
[{"type":"text","content":"SunX Energy, Inc. Announces Pending Acquisition In The Marijuana Industry\nLas Vegas, NV – March 31, 2016 – SunX Energy, Inc. (OTC PINK: SNXG) announced today through its CEO Bill Schaefer that the company will be executing an acquisition in the marijuana industry and will close on the transaction within the next 90 to 120 days.\nCEO Bill Schaefer stated, “While previous announced negotiations continue, it is my pleasure to announce that as of today, SunX Energy will also be moving headlong into the marijuana industry and we could not be more pleased. We were approached by a group that has a business model that is both exciting and unique and one that our shareholders will find to be of substance.”\nSunX Energy, Inc. previously announced its intention to acquire precious metal mining company, Far East Ventures. That transaction is still in negotiations.\nMr. Schaefer went on to say, “We feel strongly that this pending acquisition will benefit the company and shareholders alike. During the “negotiation through closing phases”, we will keep shareholders informed through a “series” of upcoming press releases. Thank you for your continued support of our company.”\nAbout SunX Energy, Inc.: The company is currently in negotiations to acquire the precious metal mining and production operations of Far East Ventures, a South East Asia company with an investment platform comprising Indonesia and the Philippines. The company has also announced a pending acquisition in the marijuana industry that will close this year, 2016.\nThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently ...