North West Oil Group, Inc. (NWOL)

[Muskett50]

Mild: I wish it were so but don't think so, it states Nord Oil will acquire 100% of OUTSTANDING shares of the 2 divisions. Not exactly sure what that means,have no way of knowing what percentage that is of total shares. But it is clear about the fact North-West is still the majority holder of 59% of the total shares in the new co.

Portion of PR:
According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.