Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is this the same Hunt operator as here:
Clearwater 1-24-25H 1
Hunt
Mountrail
1.04%
TBD
TBD
TBD
Down to the list of producing wells, http://ih.advfn.com/p.php?pid=nmona&article=48833077&symbol=ANFC
I searched "bakken" on the 10K and no matches were found.
got some 1.40s guess some are tired of waiting -
yes it is - I need some more on this side
almost show time
Hunt Global Resources to Acquire 100 Million Ton Frac Sand Mining Operation
Date : 05/25/2011 @ 9:00AM
Source : Business Wire
Stock : Hunt Global Resources Inc. (HGCO)
Quote : 2.05 0.0 (0.00%) @ 5:00PM
Hunt Global Resources to Acquire 100 Million Ton Frac Sand Mining Operation
Hunt Global Res (OTCBB:HGCO)
Intraday Stock Chart
Today : Wednesday 25 May 2011
Hunt Global Resources Inc. (OTCBB:HGCO.ob) announced today that it has entered into an agreement to acquire the mining rights to over 400 acres of land containing an estimated 100-million tons of Northern White frac-sand. The transaction will be completed based on typical due diligence that includes approvals by regulatory agencies, further testing of the sand deposits and final negotiations of the terms of the lease.
“We’re extremely excited about the opportunity to mine this property,” said George T. Sharp, CEO of Hunt Global Resources. “Northern White frac-sand is considered the premier sand in the industry; it is also becoming extremely scarce, especially in large quantities such as contained on this property.
“Currently the demand for high-quality frac-sand far exceeds the supplies that are available. Moreover, the increased number of oil and gas wells that are projected to be drilled in the ‘shale’ formations during the next five years should continue to widen the gap between supply and demand, causing frac sand prices to continue to escalate,” Mr. Sharp continued.
This site has a huge advantage over traditional discovery sites according to Ed Kuhn, President of Arapahoe Energy Consultants, a geological consultancy contracted by Hunt Global. The current limestone mining operation on the property has been in continuous production for many years and has effectively removed thousands of tons of “over-burden” that has protected the pristine white sand underneath. In addition, this is a working mine with all of the necessary infrastructure, including roads, electric-power gas and rail in place now. What that means is that this site can start producing high grade frac sand faster and for far less money than a development property.
“We believe that we can begin mining frac sand as early as Q3 this year. Currently, quality Northern White frac sand is selling at $90 - $110 per ton, making this a significant transaction,” Mr. Sharp added.
About Hunt Global Resources, Inc.
Hunt Global Resources, Inc. (OTCBB: HGCO) is a natural resource company focusing on specialty sands called “frac” sand, which is an essential component in the production of oil and gas. The Company’s current holdings include the mining rights to 350 acres in Conroe Texas, containing high-grade sand deposits. The site contains approximately 21 million tons, of high value frac-sand. The Company’s holdings include a state-of-the-art 40 million gallon industrial Biofuels manufacturing plant located near the Houston ship channel. The Company plans to utilize the plant’s excess resources and capacity to support a frac-sand resin coating operation which will boost the value of its frac-sand holdings. Additionally, Hunt has recently acquired Carbon Green NA, which is the only patented tire recycling process that recycles 100% of the components of scrap tires with a zero carbon footprint. Hunt has license agreements to distribute the technology in Europe, China and South America. Hunt plans to build up to 10 plants in North America. For more information please visit: www.huntglobalresources.com
wow I am surprised here at the drop some are tired of waiting -I understand that
Hunt Global Resources Inc. (OTCBB: HGCO.ob) announced that it has engaged Lazard to advise it regarding its North American operations.
Lazard will advise Hunt Global on its plans to build up to ten Carbon Green tire recycling plants in North America and on the acquisition of additional frac-sand deposits. Lazard will also advise Hunt Global on the financing for these projects.
"We’re pleased to engage Lazard as our advisor,” said George T. Sharp CEO of Hunt Global. “The addition of Lazard’s financial and strategic advisory professionals will be beneficial as Hunt Global expands its presence in the frac-sand market and builds out our patented tire recycling technology.”
sounds like they need some more capitol but have plans to raise it
We are focused on the development of our intangible leasehold asset and have not generated any revenue to date. We do not believe we will begin earning revenues from operations until late 2011 at the earliest as we transition from a development stage company. We have incurred operating losses since our inception. Based on income statement included herein, our net loss for the year ended December 31, 2009 was $10,903,514 and our net loss for the year ended December 31, 2010 was $5,316,805.
For Tire Recyclers, a Holy Grail
By LEORA BROYDO VESTEL
Carbon Green Tires are recycled through pyrolysis at a processing plant in Limasol, Cyprus.
For decades tire companies and would-be entrepreneurs have been searching for a way to process discarded tires by using a technology known as pyrolysis. Such a solution is considered the holy grail of tire recycling.
While technically feasible, tire pyrolysis – a process in which tires are subjected to heat in an oxygen-starved environment and converted to gas, oil and carbon char – has been inhibited by the high capital investment required and steep operating costs, according to the Environmental Protection Agency.
Now Carbon Green, a company based in Slovakia, asserts it has cracked the code.
In a recent filing with the Securities and Exchange Commission, Carbon Green said it had developed an economically viable method for processing scrap tires using pyrolysis.
The company, which has raised about $75 million from its management team and investors, already has a commercial-scale tire processing plant operating in Cyprus and is scouting locations for two factories in the United States.
“We’re doing something no one else can do,” John Novak, Carbon Green’s president, said in an interview.
Mr. Novak said Carbon Green’s crucial breakthrough was a nano-scale refinement process that upgrades carbon char, which has limited marketability, to a cost-competitive replacement for carbon black, a common reinforcement material used in car and truck tires.
The company says its carbon black substitute has been tested and deemed suitable by Cooper-Standard Automotive and Matador and that it has signed a 20-year “take or pay” contract with a major Indonesian rubber producer for the purchase of the material.
Sound too good to be true? Michael Blumenthal, vice president of the Washington-based Rubber Manufacturers Association thinks so. He said he was “incredulous” about the prospect that Carbon Green will have a significant impact on the tire market.
“They’re going to have to prove it,” he said.
Major tire companies like Goodyear and Firestone once invested “immense resources” in pyrolysis but could not find markets for the byproducts or even a way to integrate them into their own products, Mr. Blumenthal said.
And scores of start-ups have tried and failed to make money from tire pyrolysis. “The road is littered with the carnage of people who were trying to make this technology viable,” he said.
Still, Carbon Green’s ambitious goal is to roll out 17 tire processing plants over the next five years, each with the capability of processing about five million tires per year. It also wants to use the exhaust gases and oil that are byproducts of the tire processing to generate electricity for its plants and sell excess power to the grid.
Its other planned sources of income include tipping fees from the acceptance of tires, revenue from the sale of steel harvested from the tires, and the sale of carbon credits. (The company is a liquidity provider on the Chicago Climate Exchange).
And profitability will not be dependent on any green-tech financing from governments, Mr. Novak said.
“The greenness of this is a nice coincidence,” he stated. “But the business works without any subsidies.”
taken from http://green.blogs.nytimes.com/2010/05/03/for-tire-recyclers-a-holy-grail/
very well done Vance
I hear ya, but luckily it did drop for some time and I'm now averaged in around $1.40!
Definately will be taxed long term, if I ever sell! lol
I think we will start seeing some news from what I was told today and what is good for Hunt will always be good for MMBF - we are very close to seeing production start -I have been waiting over a year but its worth it to get in on the ground floor --I was asked where I got in on Hunt which was 2.50 but I have been watching it since the merger and it was at .60 damn it -lol its all good anyway-
Thanks cat, really good to hear.
You'd think, with all the negatives going on in the
energy sector, now is a perfect time for
Hunt Global to start making some good noise.
from a call today I came up with this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60979923
I agree bet we do-
I bet we see two Form 4's with Cox and Harris selling 5,000 each again. Just like last month!
Thanks cat,
looking forward to Hunt implementing it's business plan.
I'm assuming they will now update much more frequently than has been the case the last four months with much behind the scene work having to be completed.
I'm hoping anyway.
no I think its a donation to his team as they are both eco-friendly advocates -but the nice thing is Branson does not associate with scam company's -his connection even if its tax deductable for Hunt/carbon green adds credibility to our Company HGCO - this should be a monster stock in 2 years time but I expect some nice gains this summer when they crank up the Bio-fuel plant --the coated frac sand is in high demand here in Texas with all the shale zone drilling going on-
cat, do you have any updates to the partnership? Are they still partnering with him in regards to Virgin's Racing Formula 1 Race Team two "state of the art" cars? I'm not familiar with this. Thanks!
and there is Richard Branson always a good guy to see connected to your stock -imo
Carbon Green's website:
http://www.carbongreennainc.com/
Hunt Global Resources, Inc. Closes Merger With Carbon Green NA, Inc.
Hunt Global Res (OTCBB:HGCO)
Intraday Stock Chart
Today : Tuesday 8 March 2011
Hunt Global Resources Inc. (OTCBB:HGCO) announced today that it signed a Share Purchase Agreement & Plan of Merger with the shareholders of Carbon Green NA, Inc. which will become a wholly owned subsidiary of Hunt Global Resources, Inc. The assets acquired in the transaction include an operating tire recycling plant located in the country of Cyprus, which is currently the world’s largest commercially operating “pyrolysis” plant, plus license agreements and worldwide patents for the only proven method of recycling 100% of scrap tires with a near zero carbon footprint. Also, existing license agreements call for Hunt to receive $2 million dollars per year for 5-years beginning this year from licensees (who would otherwise forfeit licenses), and added royalties projected to be $60 million by year end 2011, if sales and construction goals are met by licensees.
“This acquisition enhances our position as a renewable energy company by supplying an additional and proprietary source of feedstock for our Biofuels division,” said George T. Sharp, CEO of Hunt Global Resources Inc. “Carbon Green answers the growing environmental problems caused by hundreds-of-millions of waste tires that end up in landfills and are polluting our environment by being burned as industrial fuel, which pollutes the air and tires that are shredded for use in asphalt, which pollutes ground water. We plan on beginning construction of our first North American Carbon Green plant this year in Houston, Texas,” added Mr. Sharp.
“The Carbon Green system was created during a 5-year span of developing, testing, patenting and building a fully operational system that breaks-down, separates and recycles 100% of scrap tires into reusable materials. We plan to build 10 plants in the United States, during the next 5 years,” Mr. Sharp concluded.
“We are very pleased to become a part of the Hunt family, which will enable Carbon Green NA, Inc. to move to a very important next level, that being the planned roll out of plants throughout North America,” stated John Novak CEO of Carbon Green NA Inc. “I believe that this merger joins the strengths of Hunt Global Resources, Inc. and their cutting edge technology in biofuels coupled with Carbon Green NA, Inc.’s leading tire recycling technology and will allow us to construct and operate each $50 million plant successfully.”
About Hunt Global Resources, Inc.
Hunt Global Resources, Inc. (OTCBB:HGCO) is a natural resource company focusing on specialty sands as well as the production of cleaner burning industrial oil technologies and renewable energy. The Company’s current holdings include the mining rights to 350 acres containing high-grade sand and gravel deposits. The site contains approximately 41 million tons of sand, with over 50% earmarked for frac sand. Additionally, the Company’s holdings include a state-of-the-art 40 million gallon industrial biofuels manufacturing plant located near the Houston ship channel, uniquely positioned with proprietary technology for providing biofuel for the industrial boiler, maritime, heating oil and power generation sectors. The Company plans to utilize the plant’s excess resources and capacity to support a frac sand resin coating operation.
For more information please visit: www.huntglobalresources.com.
About Carbon Green NA, Inc.
Carbon Green NA, Inc. is a world leading tire recycling company able to profitably recycle 100% of used tires back into valuable end products which can be reused in manufacturing new tires and creating an oil based feedstock that can be turned into a cleaner burning fuel oil. This revolutionary technology can change how governments and industry handle the disposal of the over ten billion tires stockpiled around the world. From its commercial-scale plant in the nation of Cyprus, Carbon Green NA, Inc. is converting the by-products of tire pyrolysis into recovered steel, a #2 diesel equivalent oil which can also be employed to generate green electricity, a nano-particle compound known as Carbon Green™ (which is a European Union accredited and tire industry-tested and accepted competitive substitute for commercial carbon black) and a clean-burning gas that can be used to provide power to the Company’s processing plant and/or sold for carbon credits, leaving no waste and a positive environmental contribution.
For more information please visit: www.carbongreennainc.com.
Global Resources Inc. HGCOAdd to PortfolioGet E-mail AlertsPrint This PagePrint Full ReportPDF ReportData QuestionQuoteChartStock AnalysisPerformanceKey RatiosFinancialsValuationInsidersShareholdersTranscripts newFilingsBondsOptionOverviewExecutive CompensationInsider ActivityKey ExecutivesBoard of DirectorsCommitteesLisa A. Hunt, 50
President, Secretary and Director
Since: 10/29/2010
Effective October 29, 2010, Ms. Hunt was appointed the President of the combined company. Prior to that, she was a co-founder and the President and Secretary of Hunt. Ms. Hun...
Jewel S. Hunt, 54
Chairman of the Board
Since: 10/29/2010
Effective October 29, 2010, Mr. Hunt was appointed Chairman of the Board of the combined company. Mr. Hunt is the husband of Ms. Lisa A. Hunt, the President, Secretary and D...
George Sharp, 68
Director, Chief Executive Officer, Acting Chief ...
Since: 10/29/2010
On October 29, 2010, Mr. Sharp, was appointed as the Chief Executive Officer and Director of the combined company. Prior to that, he was a co-founder and the Chief Executive Offic...
http://insiders.morningstar.com/trading/board-of-directors.action?t=HGCO®ion=USA
not sure what this is coming out for ??? got a google alert on it
Entry into a Material Definitive Agreement, Change in Directors or Pr
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On February 7, 2011, we entered into a letter agreement with certain shareholders of Carbon Green NA, Inc., a Colorado corporation, whereby we agreed with the representative for six stockholders of Carbon Green NA, Inc. to acquire 85% of the equity of Carbon Green NA, Inc. in exchange for an equity interest in us. The closing of this transaction is scheduled to occur on or before February 28, 2011. Upon the closing, we will issue to the selling shareholders of Carbon Green NA, Inc. an aggregate of: 30,567,246 shares of our common stock; 125,000 shares of our Series A Preferred Stock; 125,000 shares of our Series B Preferred stock; 24,000 warrants to acquire shares of our Series A Preferred Stock at an exercise price of $208 a share expiring in five years; and 40,300 warrants to purchase share of our Series B Preferred Stock at an exercise price of $248 a share expiring in five years. We also agreed to make efforts to acquire the remaining 15% of Carbon Green NA, Inc. at a later date.
Carbon Green assets include an operating tire recycling plant, license agreements and worldwide patents for the only proven method of recycling 100% of scrap tires with a near zero carbon footprint. The Carbon Green system was created during a 5-year span of developing, testing, patenting and building a fully operational system that breaks-down, separates and recycles 100% of scrap tires into reusable materials. We plan to build 10 plants in the United States, during the next 5 years, to address the growing environmental problems caused by hundreds-of-millions of waste tires that end up in landfills and are polluting our environment by being burned as industrial fuel.
The transaction will allow Hunt Global Resources, Inc. to take possession of Carbon Green NA. Inc.'s 189 worldwide patents and its operating plant located in the nation of Cyprus, which is currently the world's largest commercially operating pyrolysis plant.
Hunt will also assume existing license agreements that call for Hunt to receive $2 million dollars per year for 5-years beginning this year from licensees (who would otherwise forfeit licenses), and additional royalties projected to be $60 million by year end 2011, if sales and construction goals are met by licensees.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENBTS OF CERTAIN OFFICERS.
On February 4, 2011, John N. Bingham tendered his resignation as Acting Chief Financial Officer and Principal Accounting Officer of Hunt Global Resources, Inc. (Hunt or the Company), effective as of that date. Mr. Bingham has been providing part-time CFO services and accounting infrastructure through his firm, Agility Financial Partners, LLC (Agility), since April 1, 2010. Agility and Mr. Bingham will continue to consult with the Company regarding its financial reporting activities, assist with infrastructure needs and transitioning to the new CFO.
On February 10 2011, the Company announced the appointment of Michael P. Horne as the Chief Financial Officer and Principal Accounting Officer of the Company to be effective as of March 1, 2011. Mr. Horne's career includes Commercial Operations leadership with Ford Motor Company. Mr. Horne has been consulting with us since January 2011.
Mr. Horne, age 52, will become our CFO and Principal Accounting Officer on March 1, 2011. In 2010, Mr. Horne was a consultant to Carbon Green, Inc., a Nevada corporation. His duties included day to day operations, financial reporting and capital funding of the company. In 2007 thru 2009, Mr. Horne was employed by Traxis Group with the job title of Chief restructuring/Financial Officer. His duties included consolidation and integration of three acquired companies - Bluebird, Optima and North American Bus. He was named CFO of conglomerate and operating head of Bluebird and newly created Traxis Financial. In 2006, Mr. Horne was employed by Traxis Group with job title of Chief Restructuring Officer with duties to acquire the three companies that formed the Traxis Group, built business and financial infrastructure and created the financial company Traxis Financial. In 2005, Mr. Horne worked for Cerberus Capital as Restructuring Consultant with duties to restructure acquired automotive companies by Cerberus and perform multiple due diligences on potential automotive acquisitions. From 2000-2004 Mr. Horne held senior executive financial roles at Visteon Corporation including:
--------------------------------------------------------------------------------
North American Financial Controller of Operations (2004)
--------------------------------------------------------------------------------
Worldwide Financial Controller of Manufacturing & Material Management (2003)
--------------------------------------------------------------------------------
Worldwide Financial Controller of Material Management (2001-2002)
--------------------------------------------------------------------------------
Financial Controller of Chassis Division (2000-2001)
Mr. Horne holds a Bachelor of Business Administration and a Master of Business Administration in Finance from University of Notre Dame
During the interim period between Mr. Bingham's resignation and Mr. Horne's reporting for work our CEO, George Sharp, will be our acting CFO and Principal Accounting Officer.
--------------------------------------------------------------------------------
ITEM 7.01 REGULATION FD DISCLOSURE.
We issued a press release announcing that we signed a Letter Agreement to acquire Carbon Green NA, Inc. The press release is attached as Exhibit 99.1.
We issued a press release announcing that Michael Horne is our new CFO. The press release is attached as Exhibit 99.2.
ITEM 8.01 OTHER EVENTS.
Our new stock trading symbol is OTCBB: "HGCO" reflecting our new name of Hunt Global Resources, Inc.
--------------------------------------------------------------------------------
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
10.1 Letter Agreement about Carbon Green NA, Inc.
99.1 Press release announcing that we signed a Letter Agreement to
acquire Carbon Green NA, Inc.
99.2 Press release announcing that Michael Horne is our new CFO.
I saw that - gonna really rip once they start up operations
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59758907
Hunt Global Resources, Inc. Announces Michael Horne as New CFO
Hunt Global Res (OTCBB:HGCO)
Intraday Stock Chart
Today : Thursday 10 February 2011
Hunt Global Resources Inc. (OTCBB: “HGCO”) announced today that it has appointed Michael Horne as CFO, effective March 1, 2011.
Mr. Horne has over 30 years experience in financial manufacturing controls and processes including CFO of Traxis Group (a billion dollar transportation entity) and as COO of Bluebird School Bus. Mr. Horne held a senior executive financial position overseeing a multi-billion dollar organization within Visteon Corporation and a senior financial position early in his career within Ford Motor Company. He brings extensive M&A experience from his years at Cerberus Capital. Prior to joining Hunt, Mr. Horne was an advisory consultant to Carbon Green Inc., where he provided oversight of the day-to-day operations, financial reporting and capital funding services. Mr. Horne holds a Bachelors & Master of Business Administration in Finance from the University of Notre Dame.
“We are pleased to take another step in strengthening Hunt Global Resources’ executive management,” said George Sharp, CEO of Hunt Global Resources Inc. “Today’s announcement comes on the coattails of the announcement we made yesterday between Hunt Global & Carbon Green NA. Michael joins us directly from Carbon Green, Inc. and brings with him the critical knowledge & experience to help position Hunt as a worldwide leader in natural resources & recycled scrap tire technologies. I’m confident that the management team we’re assembling possesses everything it will take to elevate Hunt Global to the next level.”
About Hunt Global Resources, Inc.
Hunt Global Resources, Inc. (OTCBB: HGCO) is a natural resource company focusing on specialty sands as well as the production of cleaner burning industrial oil technologies and renewable energy. The Company’s current holdings include the mining rights to 350 acres containing high-grade sand and gravel deposits. The site contains approximately 41 million tons of sand, with over 50% earmarked for frac sand. Additionally, the Company’s holdings include a state-of-the-art 40 million gallon industrial biofuels manufacturing plant located near the Houston ship channel, uniquely positioned with proprietary technology for providing biofuel for the industrial boiler, maritime, heating oil and power generation sectors. The Company plans to utilize the plant’s excess resources and capacity to support a frac sand resin coating operation.
For more information please visit: www.huntglobalresources.com.
they are laying the ground work(and doing it right ) for some serious revenue in the near future -this is great -
Oh yeah, positioning itself to be quite a future leader in cleaner, renewable fuels! Wonder if they'd be interested in some of my old tires!
Global Resources, Inc. Signs Letter of Agreement To Acquire Carbon Green NA, Inc.
Hunt Global Res (OTCBB:HGCO)
Intraday Stock Chart
Today : Wednesday 9 February 2011
Hunt Global Resources Inc. (OTCBB: HGCO) announced today that it signed a binding Letter of Agreement with the majority shareholders (representing not less than 85%) of Carbon Green NA, Inc. the holder of Carbon Green assets that include an operating tire recycling plant, license agreements and worldwide patents for the only proven method of recycling 100% of scrap tires with a near zero carbon footprint.
"We are extremely delighted to make this announcement,” said George T. Sharp, CEO of Hunt Global Resources, Inc. “This acquisition fits in with our long term strategy to expand our position in the marketplace by providing a wide range of sustainable green technologies.
In recent months we have worked with the Carbon Green people to develop a low NOx fuel oil (derived from Carbon Green’s tire recycling process) to achieve a renewable fuel that is cleaner burning and has a higher BTU than traditional fuel oils that are on the market today.
The Carbon Green system was created during a 5-year span of developing, testing, patenting and building a fully operational system that breaks-down, separates and recycles 100% of scrap tires into reusable materials. We plan to build 10 plants in the United States, during the next 5 years, to address the growing environmental problems caused by hundreds-of-millions of waste tires that end up in landfills and are polluting our environment by being burned as industrial fuel," Mr. Sharp concluded.
The transaction will allow Hunt Global Resources, Inc. to take possession of Carbon Green NA. Inc.’s 189 worldwide patents and its operating plant located in the nation of Cyprus, which is currently the world’s largest commercially operating pyrolysis plant.
Hunt will also assume existing license agreements that call for Hunt to receive $2 million dollars per year for 5-years beginning this year from licensees (who would otherwise forfeit licenses), and additional royalties projected to be $60 million by year end 2011, if sales and construction goals are met by licensees. “We are very pleased to become an affiliate of Hunt Global Resources, Inc which will enable Carbon Green NA, Inc. to move to a very important next level, that being the planned roll out of plants throughout North America,” stated John Novak CEO of Carbon Green NA Inc. “I believe that this affiliation joins the strengths of Hunt Global Resources, Inc. and their cutting edge technology in biofuels coupled with Carbon Green NA, Inc.’s leading tire recycling technology, will allow us to construct and operate each $50 million plant successfully”.
Upon completion of the transaction, Carbon Green NA, Inc. will become an 85% owned subsidiary of Hunt Global Resources, Inc. The parties have agreed to close the transaction on or before February 28, 2011, upon completion of definitive contracts. Hunt will endeavor to acquire the remaining 15% of Carbon Green NA, Inc.
I would think this week we start seeing some updates now
that the name/symbol changes has been made. imo
Nice recovery from low volume going down and coming back up.
Hunt Global Resources, Inc. Announces New Name & Trading Symbol
HOUSTON--(BUSINESS WIRE)-- Tombstone Technologies Inc. announced February 3, 2011 that it changed its name to Hunt Global Resources, Inc. and also changed their ticker symbol to (OTCBB: HGCO).
“Changing the company name and trading symbol clarifies our intentions to the marketplace of becoming a globally recognized provider of natural resources,” said George Sharp, CEO of Hunt Global Resources. Inc. “Additional announcements will be made in the coming weeks to further position the company for success. We look forward to our continued progress toward providing products that will meet the growing market demand.”
About Hunt Global Resources, Inc.
Hunt Global Resources, Inc. (OTCBB: HGCO) is a natural resource company focusing on specialty sands as well as the production of cleaner burning industrial oil technologies and renewable energy. The Company’s current holdings include the mining rights to 350 acres containing high-grade sand and gravel deposits. The site contains approximately 41 million tons of sand, with over 50% earmarked for frac sand. Additionally, the Company’s holdings include a state-of-the-art 40 million gallon industrial biofuels manufacturing plant located near the Houston ship channel, uniquely positioned with proprietary technology for providing biofuel for the industrial boiler, maritime, heating oil and power generation sectors. The Company plans to utilize the plant’s excess resources and capacity to support a frac sand resin coating operation.
For more information please visit: www.huntglobalresources.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
PR Financial Marketing, LLC
For Hunt Global Resources, Inc.
Investor Relations
Jim Blackman, 713-256-0369
Jim@prfmonline.com
That's really great to hear catdaddyrt. It's nice when you can
actually see what is going on being you're so close.
Thanks for sharing that. This sounds like it's going to be
alot of fun here invested in this company.
I am in Texas with Hunt and MMBF- the oil field is ramping up and the resin coated frac sand is in high demand on the shale zones that have become the newest craze for natural gas -this is going to be a very nice stock -imo
I do too! Now's a good time to start rolling out any news.
Looking forward to the future here!
yehaw -now we can get to work -I sure like how it looks HGCO
Good, the symbol/name change has been made. Thanks!
they usually change it but it would not hurt to alert them on the change-
Good morning catdaddyrt, does Ihub automatically change the symbol or do we let them know?
Etrade has the new symbol HGCO now.
this is good be waiting some time for all of this to come about and now its here-Hunt will make bank this year
New symbol HGCO on today's otcbb Daily List. Tomorrow, 2/3/11, the change takes place.
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/02/2011&mkt_ctg=OTCBB
New symbol HGCO on today's otcbb Daily List. Tomorrow the change takes place.
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/02/2011&mkt_ctg=OTCBB
We anticipate that our stock trading symbol (currently “TMCI”) will be changed in the near future to more closely reflect our new corporate name of HUNT GLOBAL RESOURCES, INC. In the future, we will issue a new Form 8-K and a press release about the new stock trading symbol.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7370008
Feb-2011
Unregistered Sale of Equity Securities, Change in Directors or Princ
ITEM 3.02 UNREGISTERD SALE OF EQUITY SECURITIES.
In January 2011, we issued 200,000 shares of common stock to one consultant as compensation for consulting services. This transaction was made in reliance upon exemptions from registration under Section 4(2) of the Securities Act. The certificate issued for unregistered securities contained a legend stating that the securities have not been registered under the Securities Act and setting forth the restrictions on the transferability and the sale of the securities. No underwriter participated in, nor did we pay any commissions or fees to any underwriter, in this transaction. This transaction did not involve a public offering. The recipient was knowledgeable about our operations and financial condition. The recipient had knowledge and experience in financial and business matters that allowed it to evaluate the merits and risk of receipt of these securities. The recipient was an accredited investor.
In January 2011, four warrant/option holders exercised their warrant/options and we issued an aggregate of 223,333 shares of common stock to them for the aggregate consideration of $9,000. These transactions was made in reliance upon exemptions from registration under Section 4(2) of the Securities Act. The certificates issued for unregistered securities contained a legend stating that the securities have not been registered under the Securities Act and setting forth the restrictions on the transferability and the sale of the securities. No underwriter participated in, nor did we pay any commissions or fees to any underwriter, in this transaction. These transactions did not involve a public offering. The recipients were knowledgeable about our operations and financial condition. The recipients had knowledge and experience in financial and business matters that allowed them to evaluate the merits and risk of receipt of these securities.
ITEM 5.02 DEPARTURE OF DIRECTORS; ELECTION OF DIRECTORS; APPOINTMENT OF OFFICERS.
Neil Cox and John Harris resigned as directors effective January 31, 2011. On January 31, 2011, we held our annual meeting of shareholders at which time the shareholders elected three directors: Jewell S. Hunt, Lisa A. Hunt and George T. Sharp. The Board appointed Mr. Hunt as Chairman of the Board of Directors. The Board appointed Ms. Hunt as Executive Co-Chairwoman of the Board of Directors. The Board of Directors appointed Mr. Sharp as the Chief Executive Officer (CEO), Ms. Hunt as the President and Mr. Hunt as the Secretary of the Corporation.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS.
The following Articles of Amendment were approved by the majority vote of shareholders at the annual meeting of shareholders on January 31, 2011 and effective on January 31, 2011, as previously described in our Definitive Proxy Statement filed on December 30, 2010 with the Securities and Exchange Commission.
1.
The name of the corporation was changed to: Hunt Global Resources, Inc.
(The old name was Tombstone Technologies, Inc.)
2.
The number of authorized shares of common stock as increased to 500,000,000 shares of common stock.
(The previous number of authorized shares of common stock was 100,000,000 shares of common stock.)
3.
Whenever the vote of stockholders at a meeting thereof is required or permitted to be taken in connection with corporate action, the meeting and vote of stockholders may be dispensed with if shareholders holding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all of the shares entitled to vote thereon were present and voted, consent to such action in writing.
(Previously, a vote of shareholders was required in connection with corporate action.)
Effective January 31, 2011, our Board of Directors amended our Bylaws to provide: that the number of directors shall be a minimum of one director and a maximum of ten directors; and that whenever the vote of stockholders at a meeting thereof is required or permitted to be taken in connection with corporate action, the meeting and vote of stockholders may be dispensed with if shareholders holding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all of the shares entitled to vote thereon were present and voted, consent to such action in writing.
--------------------------------------------------------------------------------
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The following are the voting results on the proposals from our annual meeting of shareholders on January 31, 2011.
1.
Proposal to elect three directors for a term of one year each or until their successors are elected and qualified.
Shares Voted For
George T. Sharp 76,580,976
Jewel S. Hunt 76,585,143
Lisa A. Hunt 76,585,143
Other: 0
2.
Proposal to amend the Articles of Incorporation of the Company to provide that whenever the vote of stockholders at a meeting thereof is required or permitted to be taken in connection with corporate action, the meeting and vote of stockholders may be dispensed with if shareholders holding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all of the shares entitled to vote thereon were present and voted, consent to such action in writing.
Number of Shares Voted FOR 76,294,643
Number of Shares Voted AGAINST 301,250
Number of Shares ABSTAINING 0
3.
Proposal to amend the Articles of Incorporation of the Company to change the name of the Company to HUNT GLOBAL RESOURCES, INC.
Number of Shares Voted FOR 77,759,730
Number of Shares Voted AGAINST 0
Number of Shares ABSTAINING 0
4.
Proposal to amend the Articles of Incorporation of the Company to provide that there are authorized 500,000,000 shares of common stock.
Number of Shares Voted FOR 77,184,193
Number of Shares Voted AGAINST 300,000
Number of Shares ABSTAINING 275,537
5.
Proposal to ratify the appointment of Ham, Langston & Brezina LLP as the Company's independent auditor for the fiscal years ending December 31, 2010 and 2011
Number of Shares Voted FOR 77,759,730
Number of Shares Voted AGAINST 0
Number of Shares ABSTAINING 0
6.
Proposal to recommend by, non-binding vote, the frequency of executive compensation votes; and
One Year 497,704
Two Years 301,667
Three Years 75,544,322
Abstain 1,233,892
ITEM 8.01 OTHER EVENTS.
We anticipate that our stock trading symbol (currently "TMCI") will be changed in the near future to more closely reflect our new corporate name of HUNT GLOBAL RESOURCES, INC. In the future, we will issue a new Form 8-K and a press release about the new stock trading symbol.
--------------------------------------------------------------------------------
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
3(i) Articles of Amendment of Articles of Incorporation
3(ii) Amendment to Bylaws
--------------------------------------------------------------------------------
change the name -elect officers - hire an auditor and GO TO WORK
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JANUARY 31, 2011
http://www.sec.gov/Archives/edgar/data/1377318/000144757210000056/i11142.htm
On my electronic proxy, I chose to vote with the board.. fwiw
yes ,I remember it was at .60 when the merger with Hunt came out -Hunt is supposed to be changing the name on this-- this week if I remember right and all is on schedule-
I was looking at a basic multi-year chart for TMCI.. I do not even have the know how to pretend I can do charts, but I would suspect the long term TMCI chart right now could lead to the conclusion it's about to erupt as a major hold!?!
Feel free to spread the love!
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
315
|
Created
|
06/10/10
|
Type
|
Free
|
Moderators |
Following several months of study, evaluation of the capital and resources necessary for each of the three areas of past investment and the opportunities to use each of the assets to provide meaningful initial capital to pursue the others, the Company decided to focus solely on the development of a frac sand operating company. As a result of this important decision, the Company has:
Simply stated we believe we have one of the most important Northern White Sand deposits in the industry. It is very large…..it is in one location…. it also has an exception concentration of what is classified as "coarse" material. All white sand is not created equal.
The vast majority of premium 'white frac sand' is produced in Northern Illinois, Minnesota and Wisconsin. White sands produced today are from the Ordovician and Cambrian periods. The St. Peter formation - sands from Ottawa and all of Illinois as well as parts of Wisconsin and all of OK, AR, MO - is Ordovician. Most Minnesota sand and sand from parts of Wisconsin are Cambrian, which is the older period, and consequently preferable. These Cambrian sands are called Jordan Sands. Older, better, higher priced, more valuable technical properties.
One of the inherent weaknesses of the northern deposits is the tendency for many of the materials to have a diminishing percentage of coarse-grained material. Some deposits, for example, contain none to perhaps only 20 percent of less of recoverable plus 40 mesh. As a result, high-cut 20/40 products with 60+ % of the material retained between the 20 and 30 mesh sieves command a premium price. The Minnesota deposit has a much higher than average percentage of "plus 40" mesh.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |