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Replies to post #136727 on DD Support Board and Research Team
06/15/18 7:22 PM
August 11, 2014 09:00 ET
Freedom Energy Holdings Announces Sigur Holdings (Pty) Ltd Has Acquired Majority Ownership and Will Create New Board of Directors
FORT WAYNE, IN--(Marketwired - Aug 11, 2014) - Freedom Energy Holdings, Inc. (OTC: FDMF) Tiny Diswai - Moremi the newly appointed Chairman of the Board for Freedom Energy Holdings, Inc. announced today that Sigur Holdings (Pty) Ltd, a dynamic group of companies that was formed in 2010 has taken majority control of the Company and will immediately begin the actions necessary to appoint a new and highly qualified Board of Directors.
Per the Definitive Agreement signed on August 6, 2014, Sigur Holdings gained controlling interest in the Company in exchange for the agreement to assume all current and long term liabilities and to provide the funding for all future acquisitions. To that extent, Sigur Holdings has agreed to inject into Freedom Energy Holdings up to the sum of $10 million dollars to be used for operations and acquisitions.
Ms. Diswai-Moremi stated, "I want to thank Mr. Kistler, for his hard work and dedication that has brought the Company to this point in time and am glad to announce that he has agreed to stay on as CEO, under my supervision as we transition the Company into a major global acquisition company he envisioned when he formed Freedom."
Kistler commented, "I realize that I have taken the company as far as I am capable on my own and am very happy to turn the reigns over to someone as qualified and well versed in the world of international finance as Ms. Diswai-Moremi. I am really looking forward to tapping into her knowledge of international finance."
Effective immediately, there will be the following actions taken:
1. The name of the company will change to Sigur Tech Inc. and the company will operate as a subsidiary of Sigur Holdings (Pty) Ltd.
2. Accordingly, a request will be made with FINRA to change the name and symbol. The Company for the time being will remain domiciled in Maryland.
3. A new website will be developed to reflect the new corporate image. Additionally, we will implement a greater presence on the social media outlets with the new company focus.
4. As announced Effective July 29, 2014 the Plan for future dividends for the spin out of the currently owned Technologies and wholly owned subsidiaries will remain in force as disclosed in the earlier release.
This transaction was advised, facilitated and arranged by Sigur Capital Ltd
ABOUT SIGUR PALACE INC.
Sigur Palace is a residential and commercial Real Estate development and investment holding company focusing on providing Africans with good quality and yet affordable housing, we are also active in the development of the low cost housing under the African National Congress (ANC) led South African Government's Reconstruction and Development Programme ( RDP) with special focuses on quantity and productivity, not just to impress our client ( the government) but also to ensure safe and comfortable living for the underprivileged new home owners that are given mercy by the South African government to own houses and have a title deed on their name . We pride ourselves as not being a typical development company -- we strive to provide a product and service of the highest quality and standard. At the same time, we provide our portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital. We take a hands-on approach from the very beginning, partnering with talented management to transform their vision into reality.
FORWARD LOOKING STATEMENT-This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.
Contact Information
Contact Information:
Brian Kistler
CEO
260-490-9990
September 09, 2014 12:49 ET
Sigur Palace, Inc. aka Freedom Energy Holdings Secures South African Multi-Million Dollar Housing Initiative
FORT WAYNE, IN--(Marketwired - Sep 9, 2014) - Freedom Energy Holdings, Inc. (OTC: FDMF): Freedom Energy Holdings Inc., a subsidiary of Sigur Holdings (Pty) Ltd, today announced today that the Company has been awarded 300 hectares or about 750 acres of prime land for development in Estcourt, Kwazulu Natal, South Africa.
Tiny Diswai - Moremi, Chairman of the Board, reports, "Estcourt is located approximately 100 miles northwest of the Coastal Port of Durban, South Africa. The Kwazulu Natal Province has the highest population in the country, the Census'96 figures reveal. The province's population is more than 8.4 million and is the home of the infamous ZULU tribe and the mighty SHAKA ZULU warrior. A very interesting fact is that the major source of water supply is dams/rivers/streams/springs. Only 8.7% of people in the province have access to piped water on-site or in yards. This is part of a major initiative by the South African Government to bring a better and higher standard of living to its people."
The Ephangweni Communal Property Council currently owns the land and has granted Sigur Palace, Inc. aka Freedom Energy Holdings, Inc. a 99 year (free) lease for the future development and is renewable for an additional 99 years. Sigur Palace, Inc. in partnership with Imbabazane Municipality and Ephangweni Communal Property Association will build the infrastructure to support not less than 5,000 homes ranging from single family stand alone residences to multi-family condominiums. Construction will begin in November 2014 and will be handled through a tender process and in house contractors. The cost to build the typical house will range from $25,000 to $40,000 and sold to the public for $60,000 to $90,000. The cost to build the typical Condo unit will range from $10,000 to $18,000 and sold to the public for $25,000 to $45,000 per unit. Additionally, there will be a Golf Estate and Golf Course built to support 2,000 homes with cost ranging from $55,000 to $155,000 and sold to the public for $350,000 to $700,000.
Ms Phindile Strydom, Mayor of Imbabazane Municipality, commented, "We are extremely excited and are in support of this development for our people. This will boost Local Economic Development (LED). The development will create employment and sustainable living for our people. The whole Business plan is in line with the Municipal Integrated Development Plan (IDP).
Ephangweni Communal Property Association Chairman, Mr Mandla Shandu, added, "We are excited about this partnership as we believe it will foster a great transformation for our community in terms of job creation and ancillary business opportunities it will bring. Working with Silindile and Sigur Capital made the process even more invigorating."
All of the aforementioned information will be verified in the upcoming audit by Malone Bailey and included in the financial statements for the period ending December 31. The previously announced relationship with Dutchess Capital will assist in developmental financing of the project which will be done in phases. In this project, Sigur Palace will also build and own a Hospital with a related medical Clinic and a Police Station to be leased back to the South African government Department of Health and the National Police Agency, providing Sigur Palace with government guaranteed revenues over the term of the lease.
"This relationship with Sigur is developing into an amazing opportunity for the FDMF shareholders. As this project unfolds, and the revenues begin to flow, it is the intention of the new Board of Directors to pass along as much of the revenues as possible to the shareholders in the form of cash dividends as quickly as possible. This along with the value of the assets being brought into the company is a good formula for those willing to be patient. The plans to spin out the technologies and subsidiaries owned up until now into independent companies is coming along and further information regarding the date of declaration will be forth coming soon," concluded Brian Kistler, CEO, FDMF.
ABOUT SIGUR PALACE INC d/b/a FREEDOM ENERGY HOLDINGS
Sigur Palace is a residential and commercial Real Estate development and investment holding company focusing on providing Africans with good quality and yet affordable housing, we are also active in the development of the low cost housing under the African National Congress (ANC) led South African Government's Reconstruction and Development Program ( RDP) with special focuses on quantity and productivity, not just to impress our client ( the government) but also to ensure safe and comfortable living for the underprivileged new home owners that are given mercy by the South African government to own houses and have a title deed on their name . We pride ourselves as not being a typical development company -- we strive to provide a product and service of the highest quality and standard. At the same time, we provide our portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital. We take a hands-on approach from the very beginning, partnering with talented management to transform their vision into reality.
FORWARD LOOKING STATEMENT - This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.
Contact Information
Contact Information:
Brian Kistler
CEO
260-490-9990
NEW YORK, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Milost Global Inc, an American Private Equity firm that is headquartered in New York, is pleased to announce the successful formation of Isilo Capital Partners (Pty) Ltd (“ICP”) in South Africa and the appointment of Tiny Diswai as the Chief Executive Officer. ICP is a fund management company that is owned and managed by Milost Global Inc. ICP will act as a fund manager to Isilo Fund 1. Milost is also pleased to announce that Isilo Fund 1 will seek to raise a total of $5 billion. The Fund will strictly invest in Africa with ticket sizes from $1 million to $10 million per transaction. ICP will begin its fundraising from November 20, 2017. The Fund seeks to raise 30% of the capital in Africa, 30% in Europe, 30% in Asia and 10% in UAE.
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