Followers | 157 |
Posts | 4473 |
Boards Moderated | 0 |
Alias Born | 12/15/2009 |
Tuesday, August 06, 2013 9:51:24 AM
http://ih.advfn.com/p.php?pid=nmona&article=58698860&symbol=GGBL
Guar Global Ltd. (OTCQB: GGBL) ("Guar Global" or the "Company") is pleased to announce the closing of a reverse acquisition on July 31, 2013, pursuant to which Guar Global Ltd., a Nevada corporation, acquired Ninety Nine 99/100 percent (99.99%) of the capital stock of Pure Guar India Private Limited, a company organized under the laws of the Republic of India. The remaining 0.01% ownership in Pure Guar is held by Guar Innovations Ltd., a Washington corporation, which is a wholly owned subsidiary of the Company.
From and after the Closing Date, our primary operations consist of the business and operations of Pure Guar. As such, our business operates under the laws of the Republic of India to produce guar gum in the northwestern area of the country for export internationally, primarily to the oil and gas sector. Guar Global aims to introduce new technologies and targeted research in order to increase yields of guar seed and to produce hydroxypropyl guar gum, an organic gelling agent used extensively in hydraulic fracturing for both natural gas and oil extraction.
In connection with the acquisition, the Company confirmed the appointment of Michael C. Shores, as Chief Executive Officer and Chairman of the Board.
In related news, the Company is pleased to announce that its corporate website is now live and available for review at: www.guarglobal.com. The website provides comprehensive sector particulars, information on the guar plant, also known as clusterbean, its properties and uses, as well as regional agricultural practices and potential impact of new technologies, along with details of prevailing market and economic forces within the industry.
The Company filed a Current Report on Form 8-K with the SEC on July 31, 2013 providing information about the Company's post-merger business, plan of operations, financial condition and management team. That Current Report on Form 8-K can be found as part of the Company's continuous public disclosure as a reporting issuer with the Securities and Exchange Commission ("SEC") available at www.sec.gov. For more information, visit our website at www.guarglobal.com.
...
About Guar Global, Inc. (OTCQB: GGBL)
Guar Global is a research-driven development stage company aiming to implement new, modern strategies to increase yields of guar crops as a high quality product for the oil and gas sector. In the last two years, guar gum demand has tripled worldwide mainly because of its use in hydraulic fracturing activity, especially in the U.S. With no viable alternative to guar gum on the horizon, and demand remaining high, we consider the present guar industry has significant potential for growth. Guar Global believes it has identified a noteworthy opportunity to introduce new agricultural technologies aimed at increasing local farm productivity as an economic driver for the guar production sector. Find out more at www.guarglobal.com.
On Behalf of the Board,
Michael C. Shores
Guar Global Ltd.
Contact:
GGBL Investor Relations
Tel: 212-671-1020 x304
investors@guarglobal.com
Website: www.guarglobal.com
FEATURED Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • Jun 11, 2024 9:25 AM
FEATURED Southern Silver Announces Updated PEA on Cerro Las Minitas: US$501M After-tax NPV5%; 21% IRR; 48 Month payback • Jun 11, 2024 5:26 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Swifty Global Announces South African Gambling License Approval • DRCR • Jun 10, 2024 9:15 AM
DaBaby and Stunna 4 Vegas's "NO DRIBBLE" Joins Music Licensing, Inc.'s Portfolio • SONGD • Jun 7, 2024 10:15 AM
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Back by the Board Director and New Strategic Initiatives. • MSRM • Jun 5, 2024 1:32 PM