HOUSTON, Texas – 11/20/2017 – (Website Release Only) Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), pending name change, is pleased to announce that Turner has finalized its phase 1 infrastructure and shipping acquisition along with the preferred stock placement to fully capitalize the transaction. A full and detailed press release of this transformative event in Turner’s corporate history will be coming following the Thanksgiving holiday.
As stated in previous press releases, Turner engaged Network 1 Securities (Network 1) to partner with the Company to acquire bitumen shipping assets and capital valued at an initial valuation of $25,000,000. This platform, agreed upon by Turner, Network 1, and a specialized group of industry consultants, has been established in order to build and expand upon an integrated infrastructure play focused on the supply chain of bitumen, also known as asphalt.
Following the initial closing announcement, subsequent events will include Turner filing a Form 10, which includes 10 K and 8 K filings with the SEC. This will allow Turner to meet the qualifications needed for Turner to be an OTCQB, fully filing company.
About Turner Valley Oil and Gas, Inc.
Turner Valley Oil and Gas, Inc. (pending name change) (OTC:TVOG) is a business holding company with a historical focus on energy related holdings. The Company’s acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the real assets, energy, infrastructure, bitumen, and asphalt segments.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Steve Helm, CEO
Turner Valley Oil And Gas, Inc.
Address: 3270 Sul Ross, Houston, TX 77098