Western Graphite, Inc. (fka WSGP)

[MONEYMADE]

SURE! "On October 30, 2015, Western Graphite Inc. (the “Company”) entered into a binding Master Equity Purchase Agreement - Term Sheet (the “Term Sheet”) with Atmosphere Global LLC (“Atmosphere”), a fully-operating company. Atmosphere, based in Chicago, IL, developed a proprietary formula for an ecofriendly product that serves as a cleaner, sanitizer and odor eliminator under the ATMOSPHERE label and has applications in numerous industries including, but not limited to, agribusiness, food processing, waste water, industrial and commercial cleaning, transportation waste and waste water, boating and marine and mining. ATMOSPHERE Odor Control works by deconstructing (not just masking) harmful gasses and, at the same time, bringing pollutants to a neutral pH, thus improving the environment. One important application that makes ATMOSPHERE a unique and important addition to farming is ATMOSPHERE’s use in the CAFO (Concentrated Animal Feeding Operation for Hogs, Chicken or Dairy). ATMOSPHERE will eliminate Ammonia and Hydrogen Sulfide in the air when misted and tests are underway to validate that ATMOSPHERE can scrub the discharge air killing pathogens that plague livestock farming such as Avian Bird Flu, PRRS, PEDV, Salmonella, Camphobacter and E Coli.

The Term Sheet sets forth a two-phase acquisition by the Company of Atmosphere’s equity. Phase One involves the Company’s purchase, with certain restrictions, of 20% of the equity of Atmosphere as well as an advisory board seat in consideration for Class B Membership Units equal to 52% of Atmosphere. Phase Two involves the Company’s purchase of Class B Membership Interests equal to 12% of the equity of Atmosphere in consideration of $1.5M funded in four tranches.

source: http://ih.advfn.com/p.php?pid=nmona&article=69101059&symbol=WSGP