Texas Wyoming Announces Definitive Agreement with RVJ Holdings, LLC.
Las Vegas, NV, October 10, 2014 --(PR.com)-- Texas Wyoming Drilling (OTC: TWDL) Announces Joint Venture on Yellow-Jacket Mining Claim.
Texas Wyoming Drilling Inc.(the “Company”) announced today that on October 2, 2014 it had entered into a Definitive Agreement (the “Definitive”) with RVJ Holdings LLC., a newly organized Nevada limited liability company (“RVJ”), to acquire the Company’s Yellow-Jacket Mining Claim #108 (the “Claim”) for (i) $950,000 cash and (ii) in consideration for a 5% adjusted gross residual interest in production on such Claim for the life of the mine. Under the Definitive (and associated Subscription Agreement), will also purchase, 50,000,000 shares of the Company’s common stock, and pay $50,000. assuming that the aggregate $1,000.000 funds are raised and deposited. RVJ has until October 23 to raise such funds and if not successful, the Definitive and the Subscription will become null and void.
If the $1,000,00 aggregate raise is successful and funds deposited, the parties will close on the acquisition and RVJ has advised the Company it expects to commence mining with all proper permits shortly thereafter and its objective is to commence production within six (6) to 12 months of closing. Upon closing, all mining operations on and any liabilities associated with the Claim will be assumed by RVJ while the Company will use such proceeds to pay liabilities, provide working capital and use the net proceeds to pursue its business plans and circumstances warrant.
Safe Harbor
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well the assumptions on which such statements are based. Perspective Investors are cautioned that any such forward-looking statements are based. Prospective investors and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statement.
Media Investor Relations Contact:
texaswyomingdrilling@yahoo.com
702-221-6426
Texas Wyoming Drilling Inc.(the “Company”) announced today that on October 2, 2014 it had entered into a Definitive Agreement (the “Definitive”) with RVJ Holdings LLC., a newly organized Nevada limited liability company (“RVJ”), to acquire the Company’s Yellow-Jacket Mining Claim #108 (the “Claim”) for (i) $950,000 cash and (ii) in consideration for a 5% adjusted gross residual interest in production on such Claim for the life of the mine. Under the Definitive (and associated Subscription Agreement), will also purchase, 50,000,000 shares of the Company’s common stock, and pay $50,000. assuming that the aggregate $1,000.000 funds are raised and deposited. RVJ has until October 23 to raise such funds and if not successful, the Definitive and the Subscription will become null and void.
If the $1,000,00 aggregate raise is successful and funds deposited, the parties will close on the acquisition and RVJ has advised the Company it expects to commence mining with all proper permits shortly thereafter and its objective is to commence production within six (6) to 12 months of closing. Upon closing, all mining operations on and any liabilities associated with the Claim will be assumed by RVJ while the Company will use such proceeds to pay liabilities, provide working capital and use the net proceeds to pursue its business plans and circumstances warrant.
Safe Harbor
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well the assumptions on which such statements are based. Perspective Investors are cautioned that any such forward-looking statements are based. Prospective investors and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statement.
Media Investor Relations Contact:
texaswyomingdrilling@yahoo.com
702-221-6426
Contact
Texas Wyoming Drilling, Inc.
Richard Kugelmann
702-221-6426
Richard Kugelmann
702-221-6426
Contact
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