gumzsa
9 years ago
forgot about News after hours no reaction
Advanced Deposition Technologies Announces the Signing of Stock Exchange and Reorganization Agreement
TOKYO, JAPAN / ACCESSWIRE / January 20, 2016 / Advanced Deposition Technologies, Inc. (OTC Pink: ADTC) announces the signing of a Stock Exchange and Reorganization Agreement to acquire Tahou Natural Resource Development, Ltd ("Tahou Resources") as a wholly owned subsidiary of ADTC.
The Agreement calls for ADTC to change its name to The Great Tahou Holdings, Ltd, and to issue 300 million ADTC common restricted shares in exchange for 100% of the issued and outstanding shares of Tahou Resources. The board and a voting majority of the ADTC stock have authorized the ADTC officers to amend the ADTC Articles to reflect the name change of ADTC, increase the authorized common and preferred shares to 800 million and 200 respectively, change the par value of both classes of stock to $.001, and to issue the above mentioned shares to complete the Tahou Resources share exchange and acquisition.
Tahou Resources is located at 2-13-3 Tsukishima Chuo-Ku Tokyo Japan and owns a land parcel located in Atsuma-cho, Yufutsu-Gun, Iburino-Kuni, Tomakomai, Hokkaido Japan, which includes more than 743 acres believed to have accessible oil and gas reserves. Tahou Resources has filed registration for prospecting, exploration and development rights and is moving to contract with a third party to develop the anticipated oil and gas assets. There are no assurances that the parties will be successful in locating the targeted oil and gas reserves.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
For more information, contact Mr. Tsuda at m.tsuda@world.ocn.ne.jp.
SOURCE: Advanced Deposition Technologies, Inc.
© Copyright © 2016 Accesswire. All rights reserved.
DFLY
9 years ago
Yesterdays AH news fyi..
Advanced Deposition Technologies Inc. Announces the Signing of a Letter of Intent to Acquire The Great Tahou Co., Ltd
TOKYO, JAPAN / ACCESSWIRE / December 14, 2015 / Advanced Deposition Technologies, Inc. (PINKSHEETS: ADTC) announces the signing of an LOI to acquire The Great Tahou Holdings Ltd., ( "Tahou") as a wholly owned subsidiary of ADTC. Tahou is located at 2-13-3 Tsukishima Chuo-Ku Tokyo Japan.
Tahou currently owns a land parcel located in Atsuma-cho, Yufutsu-Gun, Iburino-Kuni, Tomakomai, Hokkaido Japan, on the northern island, which includes more than 743 acres believed to have accessible oil and gas reserves. Tahou filed registration for prospecting, exploration and development rights on June 21, 2005 and now intends to contract with a third party to develop the anticipated oil and gas assets. There are no assurances that the parties will be successful in locating the targeted oil and gas reserves but management is pursuing avenues to minimize risk. ADTC has commenced its due diligence of Tahou and its assets. The acquisition will be a stock for stock exchange where ADTC will issue 300,000,000 ADTC common restricted shares in exchange for 100% of the issued and outstanding Tahou shares.
Subsequent to completion of the acquisition, Tahou will move to finalize negotiations with an oil and gas exploration company to develop the property. The Company will be seeking a cash payment and royalty in their negotiations. The closing is forecast to close in mid 2016.
In connection to the above, the board has approved a resolution on December 4th, 2015 to authorize the officers of the Company to effectuate the following actions:
1. Change the name of Advanced Deposition Technologies, Inc. to The Great Tahou Holdings Ltd.
2. Change the par value to $0.001.
3. Common stock is to be increased to 800,000,000 shares and
4. Preferred stock is to be increased to 200,000,000 shares.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
For more information, contact Mr. Tsuda at m.tsuda@world.ocn.ne.jp.
SOURCE: Advanced Deposition Technologies, Inc.
DFLY
9 years ago
Tahou currently owns a land parcel located in Atsuma-cho, Yufutsu-Gun, Iburino-Kuni, Tomakomai, Hokkaido Japan, on the northern island, which includes more than 743 acres believed to have accessible oil and gas reserves.
The Yufutsu oil and gas field is in the eastern part of the city of Tomakomai in Hokkaido and stretches from the Tomakomai West Port to the Ishikari Plain to the west of Lake Utonai. It began with the success of the Minami Yufutsu SK-1 exploration well in 1988. Further exploratory drilling of wells in the Minami Yufutsu, Numanohata and Akebono areas was successful, leading to the opening of the Yufutsu oil and gas field. The Yufutsu field is one of the few oil and gas fields in the world with oil and gas reservoirs contained in natural fractures.
http://www.japex.co.jp/english/business/japan/field.html
gumzsa
9 years ago
News a/h AS going up to complete aquisition.
Advanced Deposition Technologies Inc. Announces the Signing of a Letter of Intent to Acquire The Great Tahou Co., Ltd
TOKYO, JAPAN / ACCESSWIRE / December 14, 2015 / Advanced Deposition Technologies, Inc. (PINKSHEETS: ADTC) announces the signing of an LOI to acquire The Great Tahou Holdings Ltd., ( "Tahou") as a wholly owned subsidiary of ADTC. Tahou is located at 2-13-3 Tsukishima Chuo-Ku Tokyo Japan.
Tahou currently owns a land parcel located in Atsuma-cho, Yufutsu-Gun, Iburino-Kuni, Tomakomai, Hokkaido Japan, on the northern island, which includes more than 743 acres believed to have accessible oil and gas reserves. Tahou filed registration for prospecting, exploration and development rights on June 21, 2005 and now intends to contract with a third party to develop the anticipated oil and gas assets. There are no assurances that the parties will be successful in locating the targeted oil and gas reserves but management is pursuing avenues to minimize risk. ADTC has commenced its due diligence of Tahou and its assets. The acquisition will be a stock for stock exchange where ADTC will issue 300,000,000 ADTC common restricted shares in exchange for 100% of the issued and outstanding Tahou shares.
Subsequent to completion of the acquisition, Tahou will move to finalize negotiations with an oil and gas exploration company to develop the property. The Company will be seeking a cash payment and royalty in their negotiations. The closing is forecast to close in mid 2016.
In connection to the above, the board has approved a resolution on December 4th, 2015 to authorize the officers of the Company to effectuate the following actions:
1. Change the name of Advanced Deposition Technologies, Inc. to The Great Tahou Holdings Ltd.
2. Change the par value to $0.001.
3. Common stock is to be increased to 800,000,000 shares and
4. Preferred stock is to be increased to 200,000,000 shares.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
For more information, contact Mr. Tsuda at m.tsuda@world.ocn.ne.jp.
SOURCE: Advanced Deposition Technologies, Inc.
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