Marijuana Stocks M&A » By The Online Investor Staff, updated Sat., Apr. 20, 6:17 AM
Recent mergers and acquisitions in the Marijuana Stocks M&A category.
| This Slide: #57 of 100 |
Slide #57. FutureWorld Energy — Torchlight Energy
Acquirer:
FutureWorld Energy (FWDG)
Acquiree:
Torchlight Energy
Details:
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.
Torchlight Energy: PRIVATE
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