International Energy, Ltd. Finalizes Agreement for Purchase of Transworld Oil & Gas
Wednesday March 15, 10:50 am ET
ORLANDO, FL--(MARKET WIRE)--Mar 15, 2006 -- International Energy, Ltd. (Other OTC:ILGY.PK - News), formerly BDW Holdings, Ltd., has finalized an agreement with Transworld Oil & Gas (Other OTC:TWOG.PK - News). Under the new finalized agreement, International Energy, Ltd. will purchase all assets of Transworld Oil & Gas for stock and Transworld Oil & Gas will dividend out these shares to its shareholders.
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Each Transworld Oil & Gas shareholder will receive one (1) share of International Energy, Ltd. for every ten (10) shares of Transworld Oil & Gas. Shareholders of record on March 25, 2006 are expected to receive the dividend by the second week of April 2006. Further transaction dates and details will be announced in the near future.
About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
