IDGC .0028 Huge news out tonight: ID Global Corporation Executes Letter of Intent with Yorkville Advisors
Hinsdale, Illinois– May 29, 2013 – ID Global Corporation (OTC: IDGC) a diversified holdings company with a focus on emerging and middle market investment opportunities in North America, today announces Letter of Intent which contemplates an Exchange of capital stock and Secured Debt of IDGlobal Corp. for all of the outstanding membership interests of Mountain Hawk Energy, LLC
Adhering to the company’s new business strategy the advisory board recommended a defintive agreement on or before June 30 2013.
Sebastien DuFort, president and CEO stated “Anytime a company can acquire an income producing asset such as Mountain Hawk Energy, LLC, with an independent valuation of 7 million US Dollars as of 12/31/12, it is an exciting start to our portfolio of companies.”
About Yorkville Advisors
Yorkville Advisors is a USbased alternative investment manager. Over the last decade, Mark Angelo, President of Yorkville, has been specializing in providing flexible, innovative debt and equity investments and financing to publicly listed companies in a variety of sectors including mining, oil & gas, healthcare, real estate, manufacturing & shipping and technology.
Yorkville tailors its transactions on an investment by investment basis, which may include debt and equity investments, bridge financings, assetbacked or SEDAbacked notes, equity facilities and, straight equity participation.
Yorkville has offices in New Jersey and London.
About Mountain Hawk Energy, LLC
Formed in January 2010, Mountain Hawk Energy is an energy company focused in the acquisition, exploration and development of coal bed methane properties in Wyoming's Powder River Basin and currently operating 42 producing natural gas wells, on 6760 acres. Mountain Hawk Energy is indirectly owned by a Yorkville Advisors’ managed fund, YA Global Investments, L.P.
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