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Turner Closes Placement Plan of $4,000,000 with GHS Investments, LLC To Fund Infrastructure Acquisitions
Turner Closes Placement Plan of $4,000,000 with GHS Investments, LLC To Fund Infrastructure Acquisitions.
About this update from Turner Valley Oil & Gas, Inc.
[{"type":"text","content":"\nHOUSTON, May 06, 2019 (GLOBE NEWSWIRE) -- Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), a company focused on capitalizing on a technology-forward American infrastructure expansion, proudly announces that on the heels of a $2 Trillion infrastructure spending announcement made yesterday by the White House, funding for Phase 1 of  its infrastructure acquisition initiative has closed and the company can now begin the roll-out of Turner’s disruptive infrastructure strategy using GHS Investments, LLC (“GHS”), a New York based, public equity fund, as the anchor investor.\n On February 09, 2019, the company announced that it has accepted terms for an equity placement plan with GHS Investments.  During the past few months the necessary due diligence and legalities of the placement were completed and as of April 09, 2019, the final placement documents have been officially signed by both parties.  Turner is pleased to inform investors that it has received an initial placement plan of up to $4,000,000 to be invested as key acquisitions are completed, and as the company grows and certain milestones are met.  The price of each placement will be adjusted as the market valuation increases but at no time shall be sold less than $0.0125. This sponsor investment will serve as a cornerstone to the Company’s overall $25MM placement plan previously introduced.  In addition, as part of the transaction GHS is helping to fund registration costs up front, which will conserve Turner capital and limit dilution to shareholders. These funds have already been paid to SEC legal firm Brunson, Chandler & Jones PLLC, who were engaged on February 25, 2019 to complete these filings. Proceeds from the investment will be used for growth capital and to fund the initial stages of the Company’s focused infrastructure build out that includes acquiring and investing in a series of smaller and mid-sized companies that are positioned for rapid growth.  This will help establish an operating platform across divisions of infrastructure including services, supply chain, and technology. Turner CEO Steve Helm commented, “We are very pleased to close this initial placement up to $4 million with GHS, and as a result we expect to complete our first few acquisitions in short order. Now ...