AEFI : American Energy Fields, Inc. Submits Offer to Purchase Anderson Mine
PHOENIX, May 3 /CNW/ -- American Energy Fields, Inc. (OTC Bulletin Board: AEFI; the "Company") has submitted an offer to Concentric Energy to purchase the Anderson Mine in Yavapai County, Arizona.
American Energy Fields is strategically positioned in the Southwest U.S. to finance and develop emerging clean energy resource operations with a focus on U.S. energy independence. It offers Concentric Energy a great opportunity to be involved as a significant shareholder in the future development of a Company that will make a difference as a U.S. based alternative energy Company.
American Energy Fields has established the platform to develop significant alternative energy resources with its portfolio of potentially low cost uranium properties, qualified management team, and significant mining database. It is committed to American's quest for energy independence.
American Energy Fields believes this is a win/win scenario for both the shareholders of Concentric Energy and American Energy Fields to develop alternative energy solutions and become one of the main contributors for the U.S. to obtain energy independence.
The offered purchase price for the Anderson Mine, as described in the Registration Statement on Form S-1/A filed August 8, 2009, is $500,000 in cash on closing, assumption of all of Concentric's indebtedness as appears on the S1/A balance sheet and through the date of closing, plus 12,000,000 shares of common stock from the Treasury of American Energy Fields, Inc.
If agreed upon, the purchased assets shall include all of the uranium and related assets necessary for the continued operation of Anderson as a going concern (studies, reports, claims, licenses, rights, etc.) substantially in accordance with its historical activities as reflected in the S1/A. The excluded assets and assumed liabilities, if any, will be more fully described in the definitive Asset Purchase Agreement.
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About American Energy Fields, Inc.
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American Energy Fields (AEFI) is a resource company focused on exploring and developing the natural energy resources of the United States. American Energy Fields' corporate strength lies in its management's experience in the finance and natural resource sectors. AEFI has one of the most prolific mining databases for energy related projects within the United States. With this database, AEF will continue to target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.
