Home > Boards > US OTC > Delisted > Drayton Richdale Corp.(fka DRYN)

very nice to see bud ...

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TOUCAN   Tuesday, 12/06/11 12:25:04 PM
Re: db7 post# 221
Post # of 243 
very nice to see bud ...

Quote:
The company will now proceed with raising capital through the issuance of a $30 Million to $60 Million Convertible Debenture over 5 years, with a face value of eight (8) percent (%) interest per annum for the construction and operation of the Shale Oil Extraction Plant in Wyoming and Coal Oil Extraction Plant in Illinois . The conversion strike point is under analysis and currently projected between $2 - 3 / Share. Due to the expected high revenue stream of the project, the company may only need, $30 Million for the Shale Oil Extraction Plant and then proceed and complete the Coal Oil Extraction Plant from operations.




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