Green Mountain Development Corp (GMND)

[chenlu]

do you mean the following nice news?
sincerely hope more next time and hope this one can work in the share price...GOOD LUCK

June 2012
Posted on June 4, 2012 by Administrator
GMND in Talks with Canadian Company for Oil Project Development Agreement
June 15, 2012 – Green Mountain management is in talks with a Canadian oil project developer to discuss the terms of an Oil Project Development Agreement to assist the company with certain preliminary development work including project due diligence, investor presentations, identification of project capital sources and negotiation of a joint venture (JV) agreement between investors and the company. Green Mountain will draw upon the resources of its affiliate partners to develop a JV agreement to progress the development of Canadian drilling leases from the acquisition stage to commercial production.

It is contemplated that the Joint Venture would include a series of gated and milestone driven investments by Green Mountain affiliates and terms and conditions governing the structure and the respective commercial interests of the JV parties. As part of its compensation for bringing all parties together, Green Mountain would have a participation in the Joint Venture.

The Canadian project opportunity was brought to GMND CEO, Robert Brehm, by a long time business associate and shareholder who has followed the company’s progress with energy related projects and its new affiliate network.

While it is too early to determine if a definitive agreement will be forthcoming, progress is being made in negotiations between the parties.