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Saturday, July 22, 2006 3:43:47 PM
The terms of the Agreement provides that North West Oil Group exchanges one hundred per cent (100%) shares of the capital stock in Limited Liability Company North-West Oil Group Saratov and one hundred per cent (100%) shares of the capital stock in Limited Liability Company the Neftegazenergo for fifty nine percent (59%) of all issued and outstanding share of common stock of Nord Oil International, Inc. 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%
Thanks for the entertainment.
BENZ
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