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Slide #57. FutureWorld Energy — Torchlight Energy
FutureWorld Energy (FWDG)
FutureWorld Energy (OTCQB:FWDG), a U.S. Diversified Energy Holding Company formed to capitalize on the burgeoning markets in natural and alternative energy technologies globally, announced today that the Company has entered into a Letter of Intent to Acquire Torchlight Energy Inc.. Torchlight Energy's assets consists of 2.8 Million Tons of proven Coal reserves valued at $168M (at today's price of $60 per ton). We expect to close this acquisition shortly. Environmental consideration in managing these assets will be our outmost obligation.