Wednesday, August 24, 2022 10:16:27 AM
announced as they are made public in final form and substance, anticipated to be
during the last week of August, 2022.
In addition, on August 8, 2022, the Company executed a Binding Memorandum
of Understanding with Mitigation Solutions, LLC to acquire, for a combination of
cash and stock, 100% of its stock and assets. This transaction will not result in
dilution for the shareholders. As of the date of this report, the principals of
Mitigation Solutions, LLC, with over 200 years of combined experience
completing similar scoped contracts and projects, have negotiated a final
agreement with a California Water Conservation District to provide water (lake
and reservoir) storage and associated drainage mitigation services for several
District communities under Federal Agency Funding guidelines. Several
additional and similar projects are also in queue. These contracts will be
announced as they are made public in final form and substance, anticipated to be
during the last week of August, 2022.
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