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Wednesday, May 18, 2011 7:58:19 AM
What money? The money to buy Renfro LLC. Last filing anyone saw, BRZL had no cash. So obviously they needed to raise the money to buy Renfro. Since they never told anyone how much cash they were paying to buy Renfro LLC....exactly how much money they had to raise to close this deal....nobody knows.
In exchange for cash consideration and a net profits interest in the property, BRZL will purchase 100% of the membership interests in RE which includes the company’s two producing oil wells making 12-15 barrels per day.
In exchange for cash consideration and a net profits interest in the property, BRZL will purchase 100% of the membership interests in RE which includes the company’s two producing oil wells making 12-15 barrels per day.
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