Blue Eagle Lithium
High Times
Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

Freestone Resources Inc. (FSNR)

FSNR RSS Feed
Add FSNR Price Alert      Hide Sticky   Hide Intro
Moderator: pseeker, RedShoulder, RJ Trotts, Steady_T
Search This Board: 
Last Post: 10/23/2018 2:53:26 AM - Followers: 107 - Board type: Free - Posts Today: 1


 

Freestone Resources and Dynamis Energy Announce Merger Agreement

Nov 06, 2017

Freestone Resources, Inc. (“Freestone”) (OTCQB: FSNR) and Dynamis Energy, LLC (“Dynamis”) today announced the signing of a merger agreement under which Freestone and Dynamis will combine their businesses in an all-stock transaction.

Upon completion of the transaction, Dynamis shareholders are expected to own 75 percent of the new combined entity (not including its existing shares) and Freestone current shareholders will own 25 percent, based on an implied value of $0.195 per share for Freestone’s stock. The combined entity will have offices in Idaho and Texas, and a joint management team to be announced. The transaction is expected to be non-taxable to Freestone’s and Dynamis’ shareholders.

Michael McGhan, CEO of Freestone Resources said, “We believe that this merger is in the best interest of our company and its shareholders and creates an exceptional opportunity for growth and expansion for our oil & gas technology products and other markets. Dynamis’ mission and objective complements ours in that we are both committed to making beneficial use of products and energy developed from waste products.”

Kevin McNulty, CEO of Dynamis said, “We are pleased to announce the proposed transaction with Freestone Resources. We believe that this merger will create a great opportunity for our company to enlarge its portfolio of green technology offerings. Having worked closely with Freestone through our existing joint venture, we believe the combination of the two companies should enhance our ability to develop and expand our product offerings into new markets.”

Dynamis previously teamed with Freestone to further develop the production and marketing of Petrozene and related products. Freestone is the developer of its proprietary Petrozene technology. This product has displayed unparalleled results in solving several key oilfield and refinery problems. Petrozene is designed to prevent and eliminate the build up of paraffins and asphaltenes from crude oil products, as well as improving the viscosity of such crude. Paraffin and asphaltene buildup is an industry-wide, multi-billion dollar problem that occurs when paraffin crystals within the oil base combine into a waxy buildup. Petrozene has been shown to be effective in tank bottom cleanup, clean up of rail cars and tanker trucks while in operation, as well as for use downhole in the improvement of yields of operating oil wells.

It should be noted that the closing of the merger is subject to numerous conditions and there can be no assurance that these conditions will be met or that the merger will close.

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresources.com/.

About Dynamis Energy, LLC:

Dynamis is an Eagle, Idaho based technology development company focused on waste management and energy production from solid wastes to provide sustainable economic and environmental benefits, while turning such waste into usable products. As such, Dynamis provides technology to recycle municipal and other solid wastes to produce sustainable economic and environmental benefits, in the form of fixed and mobile waste-to-energy plants. Dynamis has a network of agents worldwide to support the sale of its technology and products. Currently Dynamis has projects in various stages of development in Europe, Asia, South America, the Caribbean, and the US.

http://www.dynamisenergy.com

The 8K filed with the SEC regarding the Merger:
https://ih.advfn.com/p.php?pid=nmona&article=76026787

Link to Freestone Resources (FSNR) Home web site and news:

http://freestoneresourcesinc.com/blog/

     
FSNR shares held by the Officers, Directors, and the JV Dynamis to a total of 38,616,442, the increase is per the recently released 10-K:

None of the officers, directors, or the JV have sold a single share - not one share.

Below is a breakdown of shares owned in desending order of share size held:

Gerald Johnston, Advisory Board ... 12,904,167  *** (The major shareholder, and is the retired CFO of Tyson Foods, a multi billion dollar company) 

http://www.sec.gov/Archives/edgar/data/1019049/000112178116000385/xslF345X03/gmjfm421016.xml

Clayton Carter, Vice President of Opperations ... 7,605,000

http://www.sec.gov/Archives/edgar/data/1089319/000112178115000267/xslF345X03/ccarterfm492415.xml

Don Edwards, Investment Officer ... 6,500,000

http://www.sec.gov/Archives/edgar/data/1089319/000112178115000269/xslF345X03/gdefm492415.xml

Michael McGhan, CEO, Chairman, President ... 6,000,000 *** (Former CEO of both billion dollar companies Hanover Compressor- now Exterran, and Valerous Compression Services)

http://www.sec.gov/Archives/edgar/data/1089319/000112178116000374/xslF345X03/mmcghanfm411116.xml

JV Dynamis ... 5,000,000

http://ih.advfn.com/p.php?pid=nmona&article=72661986
 
Paul E. Babb, Chief Financial Officer and Director ... 607,275

NOTE: None of the above have ever sold a single share
     
           


Below is an aerial photo of the CTR facility wholly owned by Freestone Resources:


Link To Freestone Resource's CEO blog:
http://freestoneresourcesinc.com/blog/ceo-blog/


About PETROZENE:

PETROZENE is a solvent that breaks down paraffin, disperses oil tank sludge, and has other unique industrial-use qualities. PETROZENE is made from a byproduct of recycled petroleum-based products, so it will not contaminate the oil reserve to which it is being applied. Furthermore, the process that creates PETROZENE helps reduce the worldwide problem that petroleum waste products pose to our environment every year.

History:

The discovery of PETROZENE began with a desire to solve the environmental hazards that various petroleum waste products pose to the environment. Freestone Resources, Inc. has worked with numerous industry partners to recycle these post-consumer materials, and utilize their byproducts in a proprietary way for the oil and gas industry.

PETROZENE has many uses within the oil industry. Below are the applications that are currently available:

Oil Tanker & Oil Tank Solutions:

PETROZENE has been shown to be an effective dispersant of oil sludge buildup. The research efforts of Freestone Resources, Inc. and industry partners have shown it to be especially effective in large, long range oil tankers. With the proper amount of PETROZENE applied to each shipment of oil, they have produced results that show a dramatic reduction in oil sludge buildup on the bottom of the tanks. These same results have been shown in oil storage tanks as well. With the proper application of PETROZENE, costs and operational downtime due to cleaning can be cut dramatically for each.

Oil Well Enhancement:

Freestone Resources, Inc. has also done thorough research concerning oil well enhancement with the application of PETROZENE. Freestone has discovered that a minimal amount of PETROZENE utilized down the wellbore will dissolve and further inhibit Paraffin and asphaltene buildup in the well casing. This buildup of paraffin causes other problems such as clogging up lines, pump failures, pressure bursts, and seal failures which can all be dramatically reduced with the proper application of PETROZENE.

Pipeline Solutions:

Numerous independent studies have shown that a minimal amount of PETROZENE decreases the viscosity of heavy oil. These tests indicate that PETROZENE can be utilized in pipelines that transport heavy oil in order to increases their efficiency and flow rate.

We are currently researching many other uses and applications. If you or your company feel there may be a unique application within your business or would like to work with us to create a specific solution, feel free to contact us. 

Petrozene Web Site;
http://www.freestoneresources.com/petrozene/

 

 

 

Blue Eagle Lithium
High Times
FSNR
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
FSNR News: Annual Report (10-k) 10/15/2018 05:20:09 PM
FSNR News: Proxy Statement - Other Information (preliminary) (pre 14c) 10/09/2018 09:33:03 AM
FSNR News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 09/26/2018 01:04:59 PM
FSNR News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 09/26/2018 12:19:05 PM
FSNR News: Current Report Filing (8-k) 08/06/2018 02:59:18 PM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#38706  Sticky Note Do you know when the new formula was Sax 11/14/17 01:51:34 PM
#34850  Sticky Note Officers, Directors, and JV own 38,009,167 shares collectively. RedShoulder 02/10/16 11:39:04 PM
#33064  Sticky Note A personal perspective on Freestone Resources, Inc. falconer66a 08/13/15 03:58:44 PM
#39196   What part of the past versus future is confusing? Steady_T 10/23/18 02:53:26 AM
#39195   Finally, someone who understands context! Fsnr doesn’t need a welloff 10/22/18 01:34:30 PM
#39194   It’s obvious previous forward looking statements have failed. Pennyland Dad4487 10/22/18 12:08:41 PM
#39193   If it’s raining outside, and one says, “hey, welloff 10/22/18 11:28:03 AM
#39192   Demise? Never predicted RedShoulder 10/22/18 11:16:37 AM
#39191   Quote: “I still expect to make some serious welloff 10/22/18 10:45:46 AM
#39190   It’s either a dilution or a pr? Either sub Dad4487 10/22/18 08:54:20 AM
#39189   Well, the cheesy mailer I got today, suggests Commando911 10/21/18 09:36:19 PM
#39188   Again, there were no predictions of demise, just welloff 10/21/18 09:05:41 PM
#39187   There are more, but this makes my point. Steady_T 10/21/18 08:59:49 PM
#39186   Demise? Never predicted, unless failure and demise are welloff 10/21/18 08:40:26 PM
#39185   Your predictions of the demise of Freestone go Steady_T 10/21/18 08:24:02 PM
#39184   Lol. I’ve read the updates from each new welloff 10/21/18 08:11:21 PM
#39183   You better read that 10K a little more Steady_T 10/21/18 08:08:22 PM
#39182   The past failures do matter (look at the welloff 10/21/18 07:50:28 PM
#39181   Doesn't matter how many times Freestone has failed Steady_T 10/21/18 07:45:23 PM
#39180   “So what do you want to happen?” It’s obvious welloff 10/21/18 04:34:34 PM
#39179   So what do you want to happen? Do Steady_T 10/21/18 04:24:14 PM
#39178   Quote: “It will take as long as it takes. welloff 10/21/18 02:04:02 PM
#39177   Hang around and see. Steady_T 10/21/18 01:58:46 PM
#39176   Quote: “So many negative waves.” I know right, Fsnr welloff 10/21/18 08:42:37 AM
#39175   So many negative waves. Steady_T 10/21/18 03:12:37 AM
#39174   Fsnr is an empty shell! No petrozene, no welloff 10/20/18 04:54:28 PM
#39171   New! Freestone hub News! By them while their cheep! Train is moving Dad4487 10/19/18 07:38:31 PM
#39169   Many things are relative at some point! Looks like welloff 10/19/18 07:36:25 PM
#39164   FSNR is a shell, or a shill? right? DD 10/19/18 07:25:33 PM
#39162   Certainly nothing from Fsnr to raise the SP, welloff 10/19/18 07:23:10 PM
#39158   News! News! Dad4487 10/19/18 05:34:05 PM
#39157   this will be .001 soon DD 10/19/18 05:20:39 PM
#39156   Burt/Bert same pronunciation, different spelling, and two very welloff 10/19/18 04:46:06 PM
#39155   Quote Burt..... That was Earnie's best friend wasn't Dad4487 10/19/18 04:00:51 PM
#39154   Burt..... That was Earnie's best friend wasn't it? Steady_T 10/19/18 03:53:01 PM
#39153   I still remember Burt saying Freestone would bottom Dad4487 10/19/18 02:54:36 PM
#39152   Talked with Burt today, he said Fsnr still welloff 10/19/18 02:20:47 PM
#39151   According to Burt We will see some more Dad4487 10/19/18 01:04:41 PM
#39150   Can you be more specific? Steady_T 10/17/18 04:28:30 PM
#39149   A well informed individual in the industry! welloff 10/17/18 04:24:49 PM
#39148   Who is Burt? Steady_T 10/17/18 04:23:45 PM
#39147   Burt has been spot on with Fsnr and welloff 10/17/18 11:53:22 AM
#39146   readings that would give anyone the trots ernie44 10/17/18 11:50:15 AM
#39145   Bout time for a manipulated sell Says ol Burt Dad4487 10/16/18 09:48:58 PM
#39144   Same ol same with Fsnr! welloff 10/16/18 10:11:26 AM
#39143   10-K is now available: RJ Trotts 10/15/18 07:05:04 PM
#39142   Snip The best part is the 'controllers' own Dad4487 10/11/18 03:00:35 PM
#39141   I too have thought Fsnr has had many welloff 10/11/18 01:17:24 PM
#39140   Indeed. Steady_T 10/11/18 01:12:15 PM
#39139   Then continually stating.... that’s just because fsnr’s management welloff 10/11/18 07:44:18 AM
#39138   As you say... obvious. Steady_T 10/11/18 01:47:42 AM
#39137   and communication flat out stinks! RedShoulder 10/10/18 10:44:44 PM
#39136   Owning Fsnr shares whether it be 10 or welloff 10/10/18 10:32:42 PM
PostSubject