*** AFPW MONSTER 8K 10-22-2018 ***
MONTREAL, QUEBEC, OCTOBER 22, 2018 -- Alumifuel Power Corporation (OTC MARKETS: AFPW) announced on July 31, 2018 that it appointed Pedro Villagran-Garcia, as its new President-CEO and sole Director. Alumifuel Power Corporation -Dinatrum- would like to communicate to its shareholders and the public that it has signed a Letter of Intent with Pedro Villagran Ochoa, Chairman of the Board of Bahia Finisterra, S.A. de C.V. holder of a substantial land reserve in various very attractive destinations, allowing our company to leverage and be able to make other acquisitions in strategical locations where we have potential for growth to enhance shareholder value.
Activities will start immediately as specified within the signed document which we are hereby summarizing. Said activities are Permitting, Installation of Public Utilities and Building of a Club House within the 100 lots that will be developed in the specified property. Dinatrum-AFPW will receive 50 of the 100 lots of the “Las Perlas” Residential Development after certain milestones are met within the 18.15 acres to develop. The size of these lots’ ranges from 5,500-6,500 sq. ft. each.
More details of the transaction will be provided as we advance in our website www.dinatrum.com and in social media. We will provide Proforma Financial Statements to be able to demonstrate that the value of this transaction is of real merit and value for our shareholders.
As of now signing of this agreement provides assurance to our shareholders that the company will build a solid balance sheet as this is considered a direct investment on behalf of Bahia Finisterra S.A. de C.V.
Bahia Finisterra S.A. de C.V. will receive 300,000,000 restricted common stock of Dinatrum-AFPW, in exchange of the 50 lots described within the signed Letter of Intent. Besides the 300 million restricted common stock of Dinatrum-AFPW will be obliged to meet certain milestones as specified above.
A more formal agreement will be signed in the following weeks which will include more detailed clauses and will be registered within Mexico’s Public Registrar Authorities.
This will help jumpstart the company’s operations. For this reason, specialized International Contractors have been contacted to execute specific tasks and contractors are welcome to participate in this development, don’t hesitate to contact us. The company will strictly abide to Environmental Regulations. Major Real Estate Agents, from Remax, Coldwell Banker, Realty Executives and Century 21 have offices in Rocky Point, Mexico.
The most dominant residential development within the region, Las Conchas, has around 700 (seven hundred) fully developed and operating homes of various sizes and values that are located within a large internationally renowned residential zone known as “Las Conchas” located in Rocky Point, Mexico. These homes are owned mostly by American and we also have some Canadian Families.
More details will be provided to the public as the developed lots will represent a solid investment for real estate investors.
Just to provide an idea to shareholders and the public of the value of the property, in 2007 Spanish renowned Riu Hotels offered $20,000,000 USD for an additional portion of land within the area. Riu Hotels owns land in the area very close to the “Las Perlas” Residential Area and they wanted to expand. Dinatrum/AFPW has analyzed, heavily scrutinized and evaluated several valuations/appraisals of the “Las Perlas” Property. We believe that the transaction will result very lucrative.
Other acquisitions are being negotiated, the Real Estate Industry is very solid in various important cities. We will continue to inform the Public of subsequent finalized transactions as we proceed.
Alumifuel Power Corporation
Alumifuel Power Corporation Corporation (OTC MARKETS: AFPW). Alumifuel Power Corporation is currently in two industries, as of the announcement of the change of control the company was in the Hydrogen Production Industry and the Help and Supply Cleaning Services Industry, but it has gradually migrated to the Real Estate Industry. For more information, visit www.dinatrum.com
On behalf of the Board of directors
Pedro Villagran-Garcia
President & CEO
Tel. 971.285.4570
Email: info@dinatrum.com
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