Titan Oil and Gas, Inc. has signed an acquisition agreement for an operational revenue-generating closed-loop green project in the Pacific Northwest. Due to the nature of the agreement, Titan will not be able to release extensive detail or the name of the Company until the proxy has been approved. The acquisition will include a merger into a Titan majority-owned subsidiary [subject to acquisition] whereas additional working capital will be raised.
The acquisition will include city contracts for delivery of bio solids, several real estate properties where the nonpetroleum fertilizer [bio solids] will be deposited, a trucking company which currently has the city contracts to transport the bio solids, the energy crops that were just harvested including Camelina which has been contracted by British Petroleum, and the installation of up to 138 wind mills on one of the properties to join the wind farm already housed in the Columbia River Gorge. Assets currently booked by the Company prior to the acquisition of the Trucking Company exceed $1.7 M.
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