InvestorsHub Logo
Followers 29
Posts 1677
Boards Moderated 0
Alias Born 09/12/2002

Re: None

Tuesday, 08/22/2017 5:46:38 PM

Tuesday, August 22, 2017 5:46:38 PM

Post# of 59594
Here is my take.. This s not a R/M of CROE, Inc. into RMRK - they are just acquiring the Rimrock Gold Corp. and hope to consummate the acquisition in the 4th quarter of this year.

From CRCW's 10-Q...

6. Other Assets



Pursuant to a Note Purchase Agreement dated as of March 27, 2017 by and between the Company and Rimrock Gold Corp, (“Rimrock”), the Company agreed to fund up to $300,000 to settle outstanding convertible debt of and accounts payable by and on behalf of Rimrock, for the ultimate acquisition of Rimrock, a currently inactive public company located in Las Vegas, Nevada. The Company expects to consummate the acquisition in the fourth quarter of 2017. For the period from inception to June 30, 2017, the Company advanced $107,000 on behalf of Rimrock to settle the aforementioned liabilities.