Replies to post #7182 on High Plains Gas, Inc.(fka HPGS)

[Penny Machine]

Getting accumulation quickly on News

[Inspekta]

any idea, why no more movement on this good news for HPGS

[The Rainmaker]

I'm no Oil and Gas wizard, but that sure did sound like some amazing news here today, congrats.

[powerbattles]

Outstanding news today!

[The Rainmaker]

The terms of the acquisition are substantially as follows:




The Agreement requires that the Company complete a 1 for 1,000 reverse split of High Plains Gas common stock. Upon completion of the reverse stock split, High Plains Gas will have approximately 305,000 shares of common stock outstanding. Pursuant to the merger, High Plains will issue to Chama shareholders 25,000,000 shares of High Plains Gas stock. High Plains Gas assumes approximately $4,000,000 in obligations owed to previous shareholders of RWM Resources, Inc. that was previously owed by Chama.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9269686