Global Earth Energy Inc. (fka GLER)

[twoggle]

Here are the terms of the merger per the contract:

"Merger Consideration. At the Closing, the Company’s shareholders shall be issued shares of common stock that will provide them with a seventy-five percent (75%) ownership interest in GLER, and the current GLER shareholders shall retain a twenty-five percent (25%) ownership interest."

What you quoted from are the conditions/obligations prior to (or at the) closing of the merger.