Rimrock Gold Corp (RMRK)

[PennystockID2017]

“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.” Source

What does it mean?

It means that Rimrock is about to merge with Croe Inc. CRCW was said to be transforming recently into a “Crypto Company”, thus the internet is telling right now that Rimrock may run the same business.