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Announced 03/12/14
Worthington Energy, Inc., Prior to Reverse Merger with American Dynamic Resources, Inc.
Merger/Acquisition
American Dynamic Resources, Inc. entered into a definitive agreement to acquire Worthington Energy, Inc. (OTCPK:WGAS) from Asher Enterprises, Inc., La Jolla Cove Investors, Inc., Magna Group LLC and other shareholders in a reverse merger transaction on March 12, 2014. Under the terms of agreement, Worthington will issue 70 million common shares and will pay $0.13 million in cash. Charles Adams, President and Chief Executive Officer of American Dynamic Resources will become President, Chief Operating Officer and Vice-Chairman of Worthington.
