Turner Valley Oil & Gas Inc. is advancing its M&A program by bringing its status current with the OTC stock exchange and the Nevada State stock exchange, and by authorizing a share increase to issue equity for M&A activity and investments, the company said March 11.
The company created a class of preferred stock in order to minimize long-term dilution of common stock.
To fund these expenses, CEO Steve Helm invested an initial $10,000 and then an additional $2,500 through purchasing shares in the Company’s common stock.
Previously, Turner Oil & Gas said it began letter of intent negotiations with private operators that could be acquired or reverse-merged into the company.
Turner Valley Oil & Gas Inc. is based in Houston.
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