ERHC Energy Inc (ERHE)

[kingpindg]

SO/PN making plans for their million$, or...?


Shell Summary for June 17, 2015

2015-06-17 19:57 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange added 2.82 points to 681.57 Wednesday. Sylvan Odobulu has filed a preliminary prospectus for a new capital pool shell, New Global Acreage Resources Ltd. The Calgary office of PI Financial Corp. will sell the shell's $500,000 initial public offering of five million shares at 10 cents.

Last month, New Global sold 2.7 million escrow shares at five cents. Mr. Odobulu, a director of the shell, who lives in Sugarland, Tex., owns 1.4 million of the escrow shares. He is an accountant, formerly with Ernst & Young, who since 2007 has been the controller at ERHC Energy Inc. (ERHE: $0.0013 (U.S.)), an OTC Pink-listed Houston oil and gas company with interests in properties in Africa.

The second-largest shareholder of the shell is Peter Ntephe with 700,000 escrow shares. Mr. Ntephe, not a director of New Global, is another shareholder living in Texas. He is also the chief executive officer of ERHC Energy.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*MKTSHEL-2288539&symbol=*MKTSHEL®ion=C



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