here is what posted by swamp on rb
(InternetWire) Nord Oil International's Offer Turns to Merger Talks
MONTREAL -- (MARKET WIRE) -- 05/08/06 -- Nord Oil International Inc. (OTC: NDOL
announced
today that the board of directors of both Nord Oil and North-West Oil Group
have worked through the last weekend and have signed a letter of intent for
the benefit of all shareholders to merge the companies and create a truly
dynamic oil and gas company.
The negotiated merger value was based on the recent unsolicited offer made
by the North-West Oil Group and therefore providing a guideline on total
value of the new entity.
Management expects to finalize and or agree on merger terms on or before
May 12, 2006. "The combined entities will quickly exceed revenue
expectations and profit," said Mr. Makarov, President of Nord Oil
International Inc. "We were always hoping that the North-West Oil Group
would agree to discuss a merger as oppose to an acquisition and if
completed this will truly create substantial shareholder value from the
great synergies existing between our companies," further added Mr. Makarov.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior
company trading under the ticker symbol NDOL on the US Pinksheets market as
well as on the Frankfurt Exchange under symbol CXIA.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
www.nordoil.com
Theres sometimes a fine line between goals & greed...
