KABX Buy out for .10
The price per share shall be $0.10 per share
Kabe Exploration Inc. (the “Company”) entered into a letter of intent (the “LOI”) with Fortune Oil & Gas Ltd. (the
“Seller”) pursuant to which the Company entered into negotiations to purchase some or all of the Seller’s “Deep Rights” on Sellers southcentral
Kansas oil/natural gas leases located in Cowley County, Kansas for a total purchase price of $781,000 to be paid in shares of common
stock. The price per share shall be $0.10 per share and a total of 7,810,000 shares will be issued. A copy of the LOI is filed as Exhibit 10.1 to
this Form 8-K.
"GIVE ME YOUR SHARES"
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