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Turner Valley Oil & Gas Announces Insider Purchases & Enters Into Negotiations With Creditors
Turner Valley Oil & Gas Announces Insider Purchases & Enters Into Negotiations With Creditors.
About this update from Turner Valley Oil & Gas, Inc.
[{"type":"text","content":"\n \n Turner Valley Oil & Gas, Inc. (OTC:TVOG) \n (“Turner Valley” or “the Company”) is pleased to announce the \n advancement of the M&A program as it completes required steps to prepare \n the Company for the upcoming expansion of its business holding model and \n related corporate changes.\n \n \n To date the Company successfully brought its status with Nevada State \n and OTC Markets current. Now management anticipates several corporate \n changes including a potential name change, an authorized shares increase \n to allow for issuing equity for mergers & acquisitions (M&A) and \n investment as well as the creation of a preferred stock class in order \n to minimize long term dilution of the common stock of the Company.\n \n \n To fund these expenses, CEO Steve Helm invested an initial $10,000 and \n then an additional $2,500 through purchasing shares in the Company’s \n common stock. These insider purchases have been filed with the OTC \n Markets and can be found here: http://www.otcmarkets.com/stock/TVOG/filings.\n \n \n The Company previously announced that it has received indications of \n interest and started Letter Of Intent negotiations from several private \n operating businesses to be potentially acquired or reverse merged into \n the company. To prepare, the Company started negotiations with its \n creditors to come to terms on a settlement in order to shore up the \n balance sheet in preparation for M&A.\n \n \n About Turner Valley Oil & Gas, Inc.\n \n \n Turner Valley Oil & Gas, Inc. (OTC:TVOG) \n is a holding company based out of Houston, Texas, with a historical \n focus on energy related holdings. The Company’s acquisition model is \n focused on finding and evaluating profitable small to mid-sized \n businesses as merger & acquisition candidates where cash flow can be \n improved through its buy, build & bolt-on model. The Company is focused \n on sectors in real estate, construction, technology, environmental, \n energy, beverage, distribution, entertainment and related businesses.\n \n \n OTC Markets Profile: http://www.otcmarkets.com/stock/TVOG/profile\n \n \n Certain statements in this press release are forward-looking and involve \n a number of risks and uncertainties. Such forward-looking statements are \n within the meaning of that t...