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Wandi Coal Acquired for $90,000,000/60,000,000 Restricted Shares at

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Penny Stocks 2.0 Member Level  Thursday, 07/23/20 07:41:46 AM
Re: m1999 post# 194
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Wandi Coal Acquired for $90,000,000/60,000,000 Restricted Shares at $1.50/Share The purpose of this agreement is to transfer 100% ownership of Henan Wandi Mining Product Development Co, Ltd (Wandi) a corporation organized in the People’s Republic of China (PRC) so that immediately following such transfer, Wandi shall be a wholly owned subsidiary of RS by and through its afore described wholly owned subsidiary.

RS shall pay sellers $90,000,000 USD in 60,000,000 common restricted shares of the capital stock of RS valued at the agreed value between the parties of $1.50 per share and are traded on the OTCQB in the USA. Said shares shall be delivered forthwith upon closing of this Agreement as directed by Seller.


First exchange of shares for Wandi Coal >>



At Today's Price for Coal which is $49/Ton, this mine holds $1,445,500,000 worth of COAL
>> https://markets.businessinsider.com/commodities/coal-price

The Seller represents, promises and warrants that Wandi owns 49% of that certain coal bearing mine known as You Zhou Shenhuo Kuanfa Mining Company Ltd which contains no less than 24 million tons of proven reserves of coal (The Mine) as determined by that certain geological report entitled REPORT ON EVALUATION AND CONSULTATION OF MINING RIGHT OF HENAN WANDI MINERAL PRODUCT DEVELOPMENT COMPANY, LTD. dated and certified by Beijing Zhongzunhua Assets Evaluation Co. Ltd.. Said reserves are low sulfur clean coal and are suitable under all standards governing the mining and sale of coal to power plants or other users as established by the government of the PRC. Further, Seller warrants that such coal is recoverable in an economically viable manner based on current market conditions and prices for labor, energy, equipment etc. In addition to the Mine, the assets set forth in Exhibit “A” to this Agreement are owned by You Zhou Shenhuo Kuanfa Mining Company and Wandi, free and clear of any security interests, liens, encumbrances, or other charges.


Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
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