Quantum Energy Inc. (QREE)

[surfkast]

This is pretty funny stuff!


The proposed merger is conditioned upon, among other things, IEC’s successful completion of its due diligence examination of Quantum, the negotiation and execution of a definitive agreement and IEC raising in the aggregate up to $50,000,000 (the “Total Capital Investment”).



The combined entity will also provide the necessary funds required to prove out the viability of the development of the refinery (the “Refinery”) currently planned to be developed in Stoughton Saskatchewan, Canada including (a) obtaining environmental and engineering studies to prove the viability of the intended site, (b) if the site is determined to be viable, to acquire the land, (c) obtain required permits and (d) pay other related costs.

The transaction is expected to be completed on or before December 31, 2018.