Business
United Resource Holdings Group, Inc. Announces Acquisition of Control of Noble Technologies Corp., Annual Shareholders Meeting, Election of Directors, and Appointment of Officers
United Resource Holdings Group, Inc. Announces Acquisition of Control of Noble Technologies Corp., Annual Shareholders Meeting, Election of Directors, and Appointment of Officers.
About this update from United Resource Holdings Group, Inc.
[{"type":"text","content":"United Resource Holdings Group, Inc. Announces Acquisition of Control of Noble Technologies Corp., Annual Shareholders Meeting, Election of Directors, and Appointment of OfficersReno, NV – July 16, 2012 – United Resource Holdings Group, Inc. (“URHG”) announced today that URHG has acquired a control position in Noble Technologies Corp. (“NTC”), which operates a beneficiation facility that recovers precious metals from mineral ores and ore concentrates.The acquisition of NTC occurred on July 16, 2012 by URHG’s private purchase of approximately eighty-seven percent (87%) of the total issued and outstanding common stock of NTC. This acquisition was effected by a share for share exchange of common stock in the ratio of one (1) URHG share for every three (3) NTC shares and the new issuance of 53,150,515 shares of URHG common stock. Prior to the acquisition by URHG, NTC was a privately held company with no public market for its securities.NTC currently has validly issued operating permits from the Nevada Division of Environmental Protection (“NDEP”) in the form of a Water Pollution Control Permit, an Air Quality Class II Permit, and a Mercury de Minimus Permit. NTC is located approximately twenty (20) miles from Reno, Nevada, within the Reno-Tahoe Industrial Center in Storey County, Nevada. URHG intends to operate NTC as a majority-owned subsidiary and report NTC’s operations on a consolidated basis with URHG’s financial statements.An annual meeting of shareholders of URHG was held on July 6, 2012. At the meeting, the shareholders elected the following directors for the upcoming year: (i) Mr. Robert G. Kilroy, Esq. (Chairman); (ii) Mr. Mark A. Kersey; (iii) Mr. Charles T. Mahoney; (iv) Mr. Robert D. Quinn; and (v) Mr. Dana M. Low.The newly elected Board of Directors of URHG held its annual meeting immediately following the annual meeting of shareholders of URHG on July 6, 2012, and appointed the following officers: (i) Mr. Mark A. Kersey as President; (ii) Mr. Robert G. Kilroy, Esq. as Secretary; and (iii) Mr. Charles T. Mahoney as Treasurer.About United Resource Holdings Group, Inc.:United Resource Holdings Group, Inc. is a U.S.-based natural resource exploration and development company, focused on the acquisition of mining equi...