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Caddo International Inc. (CADD)

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Last Post: 11/1/2018 1:11:39 PM - Followers: 18 - Board type: Free - Posts Today: 0

Caddo International and DR, LLC Mutually Cancel Joint Venture Agreement OIL CITY, LA announced today that Caddo International and DR, LLC mutually agreed to cancel the 50% joint venture agreement concerning the mineral leases in the State of Nevada. A third-party had agreed to fund the project, but the funds were never received by the Company. Additionally, Management has not received any written confirmation from the European investors, but only from their agent. As Management has stated before, it was not certain of the viability of the offer. All shares that had been issued for this project were held in trust by the Company's attorney and are being cancelled and returned to the Company's treasury. The Company intends to move forward on its core business, as there is a great deal of oil and gas activity taking place in Shreveport and the Company intends to capitalize on these significant opportunities. About Caddo International, Inc.: CContact Information Business Description Caddo International, Inc. 100 Northland Avenue Oil City, LYahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Sign In New User? Sign UpFinance Home -Help Home InvestingMarket OverviewMarket StatsStocksMutual FundsETFsBondsOptionsIndustriesCurrencyEducationNews & OpinionMarketsInvesting IdeasExpert AdviceSpecial EditionsCompany FinancesProvidersPersonal FinanceBanking & BudgetingCareer & WorkCollege & EducationFamily & HomeInsuranceLoansReal EstateRetirementTaxesHow-to GuidesTech Ticker Get QuotesFinance Search 35228069 Press Release Source: Caddo International, Inc. Caddo International, Inc. Announces Shareholder Update Regarding Proposed Buyout Offer Monday April 28, 9:44 am ET OIL CITY, LA--(MARKET WIRE)--Apr 28, 2008 -- Caddo International, Inc. (Other OTC:CADD.PK - News) management today announced they have meetings scheduled for the end of next week with the group that has made the proposed buyout offer. After the meetings in which some of the terms will be discussed management will be able to disclose more details. At this teleconference meeting after we have indicated our response and interest in this offer they will schedule another meeting to be held in Dallas, Texas, with both companies' Board of Directors to negotiate the final terms and conditions. ADVERTISEMENT As we have said in the previous press release part of the final deal will be contingent on Caddo International, Inc. providing title to interests in certain oil and gas leases in the Caddo Pine Island area of Louisiana and completion of further due diligence. Until these meetings they have stressed confidentiality until we have satisfied them of our interest in pursuing this and we have met with their terms and conditions. "This buyout offer is being considered favorably by management but our Board of Directors have not given approval yet, but the final decision will be up to the majority vote of the shareholders and will be put to a shareholder proxy vote," said Mario Lanza, president of Caddo International. Until we have concluded with successful negotiations to the satisfaction of both parties this is only a proposal at this stage but management is considering any and all options. Meaning that the gold field is still being looked at, the leases are intact but the funding still has not been satisfied at this time. About Caddo International, Inc.: Caddo International, Inc., is a provider of products and services to the oil and gas industry. A 71061 http://www.petrolinddrillingco.com Phone: 318-995-0404 Fax: 318-995-0708 E-mail: caddoind@hotmail.com Oil and Gas Services. Disclosure Category No Information Primary SIC — Industry Classification 1389 - Oil and gas field services, misc Business Stage Development Stage Company State Of Incorporation NV Jurisdiction Of Incorporation USA Year Of Incorporation 1968 Company Officers G. Mark Woolridge, Dir. Mario Lanza, President Thomas Neely, Secretary Number of Employees 30 as of Jan 10, 2008 SEC Reporting Status SEC Reporting Company CIK 0000077864 Fiscal Year End 12/31 Estimated Market Cap 615,686 as of May 13, 2008 Outstanding Shares 8,795,520 as of Dec 31, 2007 Authorized Shares 125,000,000 as of Dec 31, 2007 Float 3,540,827 as of Dec 31, 2007 Current Capital Change shs decreased by 1 for 30 split Pay Date: Oct 16, 2007 Company Notes Formerly=Petrol Industries, Inc. until 10-07 Transfer Agent Signature Stock Transfer, Inc. 2301 Ohio Drive Plano, TX 75093 Legal Counsel Frohling & Associates 17 Fulton Street Newark, NJ 07105 Investor Relations Firm Blazer Consulting 13811 Hallfield Dr Houston, TX 77014 The information provided here has been obtained from publicly addo International, Inc. Announces Shareholder Update Regarding Proposed Buyout Offer Caddo International, Inc. (PINKSHEETS: CADD) management today announced they have meetings scheduled for the end of next week with the group that has made the proposed buyout offer. After the meetings in which some of the terms will be discussed management will be able to disclose more details. At this teleconference meeting after we have indicated our response and interest in this offer they will schedule another meeting to be held in Dallas, Texas, with both companies' Board of Directors to negotiate the final terms and conditions. As we have said in the previous press release part of the final deal will be contingent on Caddo International, Inc. providing title to interests in certain oil and gas leases in the Caddo Pine Island area of Louisiana and completion of further due diligence. Until these meetings they have stressed confidentiality until we have satisfied them of our interest in pursuing this and we have met with their terms and conditions. "This buyout offer is being considered favorably by management but our Board of Directors have not given approval yet, but the final decision will be up to the majority vote of the shareholders and will be put to a shareholder proxy vote," said Mario Lanza, president of Caddo International. Until we have concluded with successful negotiations to the satisfaction of both parties this is only a proposal at this stage but management is considering any and all options. Meaning that the gold field is still being looked at, the leases are intact but the funding still has not been satisfied at this time. All Cash Buyout Offer of $1.25 per Share for All of Caddo International, Inc. From European Group Caddo International, Inc. (PINKSHEETS: CADD) management today announced they have received an offer from a European investment group to buy out all of the outstanding and issued shares of Caddo International, Inc. for an all cash offer of $1.25 per share. Upon completion of the proposed buyout new management will be merging in its interests in certain other oil and gas interests it carries, and merge Caddo into the new company with shareholders of record date receiving 1 share for every 5 shares of the new merged entity as additional compensation. The offer is contingent on Caddo International, Inc. providing title to its interests in certain oil and gas leases in the Caddo Pine Island area of Louisiana and completion of further due diligence. President Mario Lanza stated, "This buyout offer is being considered favorably by management but the final decision will be up to the majority vote of the shareholders and will be put to a shareholder proxy vote." Caddo Postpones Closing on Gold Deal Caddo International, Inc. (PINKSHEETS: CADD) - Management announced today that the closing on the gold lease in Nevada has been extended an additional 60 days, in lieu that the private placement that was agreed to has not been paid as yet to the corporation. Management will stay the same until funds are paid. Caddo International Announces Acquisition of Gold Mining Venture and Corporate Reorganization Caddo International, Inc. (PINKSHEETS: CADD) announced today that it has executed an agreement to acquire an undivided 50% interest in 72 Bureau of Land Management mineral leases for gold and silver exploration on 1440 acres in the state of Nevada. These claims are located in a rich mineral zone that is currently being actively explored by several other mining companies. In return for the mineral properties, Caddo agreed to provide 25 million restricted shares of Caddo stock at $0.07 per share cost. As previously announced, Caddo will spin off the existing oil services company with all of its assets, leaving Caddo entirely focused on the precious metals mining industry. Existing Caddo shareholders will receive shares in the new oil services company, and Caddo management believes that the large potential for profitability from the Nevada gold and silver mines will augment the oil services company cash flows. In accordance with the new acquisition and Company focus, Mr. Mario Lanza will resign from his current position, and Mr. Sidney Lederman will take over as Caddo's president on April 15, 2008. Caddo's board also announced the election of Mr. Ken Little as a new Director. Pink sheet symbol: cadd.pkCaddo Held Shareholder Meeting on Caddo International Announces Acquisition of Gold Mining Venture and Corporate Reorganization Caddo International, Inc. (PINKSHEETS: CADD) announced today that it has executed an agreement to acquire an undivided 50% interest in 72 Bureau of Land Management mineral leases for gold and silver exploration on 1440 acres in the state of Nevada. These claims are located in a rich mineral zone that is currently being actively explored by several other mining companies. In return for the mineral properties, Caddo agreed to provide 25 million restricted shares of Caddo stock at $0.07 per share cost. As previously announced, Caddo will spin off the existing oil services company with all of its assets, leaving Caddo entirely focused on the precious metals mining industry. Existing Caddo shareholders will receive shares in the new oil services company, and Caddo management believes that the large potential for profitability from the Nevada gold and silver mines will augment the oil services company cash flows. In accordance with the new acquisition and Company focus, Mr. Mario Lanza will resign from his current position, and Mr. Sidney Lederman will take over as Caddo's president on April 15, 2008. Caddo's board also announced the election of Mr. Ken Little as a new Director. Saturday March 29th Caddo International, Inc. (PINKSHEETS: CADD). Mr. Mario Lanza, President of Caddo International, announced yesterday that the shareholder meeting scheduled on March 29, 2008 was held in Oil City, LA with an excess of 75% voting for management on the changes. Caddo will be spinning off the Construction Service Co. to the current shareholders (record date to be announced). Caddo has had an offer to become a gold mining company with new management and cash to develop the gold properties, which was approved at the shareholder meeting. About Caddo International, Inc: Caddo International, Inc., is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. ************************************************ ************************************************ Petrol Industries is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. ************************************************************************************************************************************************************ ************************************************************************************************************************************************************ 2005 Press Releases to date: 10/27/05 Petrol Industries Completes Sale Of Oil and Gas Properties for $3 Million; Company Expects to Report a Profit in Third Quarter 08/23/05 Petrol Industries Announces Their First Service Contract, Which Should Yield Over 2 Million Annually 06/24/05 Petrol Industries, Inc. Announces Appointment of Directors and Election of New Officers 06/20/05 Petrol Industries, Inc. Announces Final Closing on Sale of 1,240,612 Shares of Common Stock in Private Placement 06/20/05 Petrol Industries, Inc. Announces Resignation of Directors of the Company 03/30/05 Petrol Industries, Inc. Announces Agreement to Sell 1,240,612 Shares of Its Common Stock in a Private Placement ************************************************************************************************************************************************************ Headquarters: Investor Relations: Petrol Industries, Inc. Ronnie Allen, 318-424-6396 ************************************************************************************************************************************************************ Share structure: Auth. Restr. O/S. Float ************************************************************************************************************************************************************ For over 200 other O&G companies/charts, visit Oil and Gas Central: http://www.investorshub.com/boards/board.asp?board_id=4484
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#1219   yo you still around? what happened ? MakinBank 11/01/18 01:11:39 PM
#1218   Aint no body pumped nothing bro that was SOUTHGAS 09/17/13 11:02:49 PM
#1217   I assume you know that David Taylor is crude-dude 09/17/13 07:55:35 PM
#1216   I contacted David Taylor's office today. The person Nosagroy 10/24/12 12:40:46 PM
#1215   I can't reply privately. I put a llawshe3 08/06/12 09:24:32 AM
#1214   You can have all the wells for FREE. crude-dude 07/25/12 10:17:34 PM
#1213   I am going to email David Taylor because llawshe3 07/24/12 10:34:15 PM
#1212   His is what happened: Thank you for your quick llawshe3 07/24/12 10:30:40 PM
#1211   So what did you find out? llawshe3 07/24/12 10:28:01 PM
#1210   I live about 30 minutes from Oil City SOUTHGAS 07/07/12 10:59:05 PM
#1209   I, HAVE NOT BEEN FOLLOWEN THEM, IF IT sturm 44 07/04/12 11:16:34 AM
#1208   GUESS I LOST MY HARD EARNED MONEY ON JONAH 2 07/04/12 11:09:44 AM
#1207   WHAT" BEEN GOING ON WITH THESE PEOLE, HAVE sturm 44 05/08/12 02:40:06 PM
#1206   thanks -21 and only 3 possible scams --you JONAH 2 05/07/12 08:12:45 PM
#1205   ABOUT,90 PERCENT ARE BOGUS, I AM IN 21 sturm 44 04/25/12 10:16:13 AM
#1204   they say where there is life there is JONAH 2 04/23/12 03:34:59 PM
#1203   LOOKKS LIKE MIGHT HAPPEN SIGN A LETTER OF sturm 44 04/04/12 01:46:31 AM
#1202   Yeah, bend over and I'll explain it to you... fAtnhapy 03/21/12 01:36:28 PM
#1201   What ever happened to the EPGI Firecreek acquisition rjn2418 03/20/12 02:30:55 PM
#1200   The big question is does cadd have any JONAH 2 03/02/12 09:08:52 AM
#1199   The big question is does cadd have any JONAH 2 03/02/12 09:08:40 AM
#1198   Haven't heard a thing either. Was surprising Moneytree420 03/02/12 12:22:53 AM
#1197   Looks like Efir took off up 300 per JONAH 2 03/01/12 09:28:54 PM
#1195   I have not heard anything new either. Moneytree420 10/29/11 02:21:08 PM
#1194   SO WHAT'S THE LATEST WITH CADD? lets make some money 10/27/11 12:01:13 PM
#1193   Just checking in on the CADD situation, I'm PayDirtStocks 08/25/11 01:00:53 PM
#1192   I would not count on the SEC for Cesium 08/17/11 09:27:01 PM
#1191   momeytree-- have you heard anything more JONAH 2 08/16/11 01:47:52 PM
#1190   don't hold your breath LOL bigtoe1963 07/29/11 04:50:15 PM
#1189   Good News everyone still holding this untradable mystery Moneytree420 07/19/11 08:19:35 PM
#1188   Lets hope so. I'm out 3 large from backtrax 07/16/11 01:55:24 PM
#1187   Will do! I am watching that guy Moneytree420 07/12/11 05:52:52 PM
#1186   Please let me know if you hear anything JONAH 2 07/12/11 05:49:12 PM
#1185   I also have noticed David Taylor is part Moneytree420 07/12/11 02:18:54 PM
#1184   I also have noticed David Taylor is part Moneytree420 07/12/11 02:18:52 PM
#1183   strange they are still operating as an oil JONAH 2 06/22/11 08:22:57 PM
#1182   It's all a big scam is all IMO bigtoe1963 06/20/11 04:23:11 PM
#1181   I emailed Joseph Vazquez [infinityglobalconsulting@gmail.com] the following this Scottgoldberg 06/20/11 04:03:32 PM
#1180   that is a lot of shares, sorry dude, janeyH 06/17/11 10:18:25 AM
#1179   ~snip~ "The Microcap Fraud Working Group is a kenco 06/08/11 07:08:00 AM
#1178   i am still waiting as have 60000 shares JONAH 2 04/27/11 01:35:41 PM
#1177   No idea...that is up to Lanza....He is the Fuzzy Bunny 04/06/11 10:16:00 AM
#1176   I am still holding 110,000 shs of CADD lets make some money 04/06/11 01:13:14 AM
#1175   Eventually...if the deal goes through, your broker will Fuzzy Bunny 04/05/11 03:10:14 PM
#1174   Now that's interesting. Can anybody elaborate on this topdog52 04/05/11 10:49:24 AM
#1173   Well at least we will be able to Waitingfor1 04/02/11 08:41:09 AM
#1172   Caddo deal announced... tinymidas 03/30/11 08:21:41 PM
#1171   lol true! Rharman 03/14/11 09:51:21 AM
#1170   best thing you can do is wipe your bigtoe1963 03/13/11 06:50:23 PM
#1169   I am holding 75000 shares of Cadd and Rharman 03/13/11 12:14:52 PM
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