American Green Inc (ERBB)

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NEWSS NEWSS ALERT>>>"DLTZ" 10-K OUT_AFTER-HOURS CONFIRMING_GREAT_3/14/18_ERBB_&_DLTZ_DEAL!!!_https://ih.advfn.com/p.php?pid=nmona&article=77025779

EXCEPRT BELOW FROM 10-K:

Item 1.01. Entry Into a Material Definitive Agreement.

On March 19, 2018, the Company entered into a Securities Exchange Agreement, dated as of March 14, 2018 (the “Agreement”), with American Green, Inc., a Wyoming corporation (“American Green”), and Nipton, Inc., a California corporation, a wholly-owned subsidiary of American Green.

The Agreement provides for the acquisition by the Company of 100% of the issued and outstanding equity securities of Nipton, Inc. from American Green (the “Nipton Acquisition”) in exchange for shares of the Company’s Series A Convertible Preferred Stock that are convertible into 160,000,000 shares of Delta common stock.

Following the closing of the Nipton Acquisition, expected to take place in the next several weeks, Nipton, Inc. would become a wholly-owned subsidiary of the Company, with American Green, the former stockholder of Nipton, Inc., owning a controlling interest of approximately 82% of the outstanding shares of common stock of Delta.


TWO RELATED ERBB PRs BELOW:


>>>OUTSTANDING NEWS! ERBB & DELTA INTL_$7.73_MIL_DEAL!_GREAT_FOR_SHAREHOLDERS!!!_https://finance.yahoo.com/news/american-green-delta-international-reach-120000250.html

EXCERPT FROM 3/15/18 PR BELOW.

PHOENIX, AZ , March 15, 2018 (GLOBE NEWSWIRE) -- Today American Green, Inc. (ERBB:OTC) has announced that it has agreed to transfer its holdings in Nipton, California to Delta International Oil & Gas, Inc. for consideration totaling more than $7.73 Million.