Monday, September 19, 2022 8:44:22 AM
Steamboat Springs, CO -- (September 18, 2022) – WESTERN SIERRA RESOURCE
CORPORATION (OTC: WSRC) herein discloses the Company’s acquisition of a 100% ownership stake in Mitigation Solutions, LLC (MSL). In a stock and cash transaction, MSL is now a wholly owned subsidiary of WSRC – acquired as part of the strategy to expand the Company’s capacity to accomplish its natural resource management and development objectives.
MSL’s Principals and associates will join WSRC’s management team, bringing with them a combined 200 years’ experience in flood and contaminated water mitigation; emergency flood defense; flood mitigation planning;slope/streambank stabilization; beach and dune renourishment; FEMA PA and IA grant services; FEMA flood zone certification; permanent flood mitigation infrastructure design and construction; seawall construction; dredging; and dam stabilization and associated remediation of sediment-affected water suppliesfor Municipalities and Special Districts across the Nation.
Roger Johnson, CEO of WSRC states: “As we prepared to welcome Mitigation Solutions into WSRC over recent months, the magnitude of the opportunity available to WSRC in joining forces with MSL and its Principals – Jeff Jones and Scott Hastings — has become increasingly apparent. The quality and character of these individuals; the generations of expertise they represent; decades of private and public sector relationships they have established; and hundreds of millions of dollars
in Federal, State, Local and Private water related projects they have completed, speak clearly to the path they can help pave for WSRC going forward. We are grateful for their participation.”
Scott Hastings, Managing Member of MSL states: “As this relationship with WSRC has evolved over a decade of interaction, and has now finally culminated in the formal acquisition of MSL by WSRC, we are convinced that events, circumstances, people, and opportunities have come together for both companies to succeed in a monumental way. Working within the framework of a public Company that is so closely aligned with the interests, methodologies, and values of MSL’s Principals, presents a rare opportunity we are very excited to see come to fruition.”
https://www.otcmarkets.com/otcapi/company/financial-report/346982/content
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