Houston Natural Resources Corp (HNRC)

[scottydoesntknow]

he does make note of it here:

In December 2014, the company acquired an interest in Lemaro Investments from Venerable Capital Corporation for $300,000 consisting of a payment of $40,000 in cash and a note for $260,000. The company also paid additional $25,000 in expenses to Venerable Capital Corporation. The company was provided audited statements of Lemaro Investments by Mayer & Associates, LLP. The statements indicated Lemaro Investments total capital and net worth of $22,917,782 and total income of $13,003,728 for the period ended November 30, 2014. As of December 31, 2014 the company has recorded the investment at cost of $300,000. The company also received a commitment for $2,400,000 in financing subject to certain terms and conditions.