Geobio Energy (fka GBOE)

[swimnbike]

NEWS...

Looks like Collnins acquisition delayed until Nov 30

http://biz.yahoo.com/e/100914/gboe.pk8-k.html



14-Sep-2010

Entry into a Material Definitive Agreement


Item 1.01 Entry Into a Material Definitive Agreement

Amendment to the Agreement for the Stock Purchase Acquisition of Collins Construction, Inc..

On September 9, 2010, GeoBio Energy, Inc. ("GeoBio"), entered into an amendment to its Stock Purchase Agreement with Collins Construction, Inc. ("Collins"), dated March 30, 2010, previously amended on June 1, 2010 and again on July 14, 2010 (the "Collins Stock Purchase Agreement"), for the purchase one hundred percent (100%) of the issued and outstanding capital stock of Collins (the "Amendment").

Under the September 9, 2010 Amendment, the parties agreed to extend the Closing Date from September 15, 2010 to November 30, 2010. The extension is intended provide additional time for Collins to finalize certain of its customer agreements.

Collins, based in Colorado, is a civil construction company that primarily constructs sites and platforms for drilling and reclamation of the site locations following the drilling phase, as well as access roads to and from wells, reserve pits and production facility pads, in the Piceance Creek Basin. Its construction services occur primarily during the site construction and site completion or restoration life cycles of natural gas fields and oil wells.

GeoBio's proposed acquisition of Collins remains subject to receipt of financing for the purchase.