Occidental Dev. Gr. Inc. (fka OXDG)

[HDOGTX]

OXDG merger
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10674647

OXDG Security Details
Share Structure
Market Value1 $288,367 a/o May 05, 2015
Authorized Shares Not Available
Outstanding Shares 75,886,165 a/o Apr 17, 2014


Letter of Intent with 420 International Corp.



On April 27, 2015, our Board of Directors authorized and the Company entered into a Letter of Intent with 420 International Corp., which provides services and support to the legal marijuana industry through subsidiaries and joint ventures. Services span the industry sector and include: agricultural land and commercial space for lease to marijuana horticulturalists, staffing and payroll services for the MMJ industry - connecting employers with the right talent to grow their business, and technology app’s connecting MMJs B2B and to the end consumer.


The total purchase price for the assets of 420 International Corp. to be acquired under the Letter of Intent is 38,257,033 restricted common shares of the Company (these shares being 70% of the Company's equity held by the Company's principals), 40% to be issued to Jessica Hoang, or to corporate entities on the instructions of Jessica Hoang, and 30% to be reserved for issuance to an individual or to a corporate entity, mutually acceptable to the parties and on the instructions of Jessica Hoang, the issuances to take place at the earliest opportunity following the Company becoming current with its regulatory filings.


Under the Letter of Intent, the parties have agreed to use best efforts to complete and close the transaction on or before May 31, 2015 and to execute documents as necessary to achieve the acquisition of the Seller's assets and liabilities by the Company.