Replies to post #279 on MMEX Resources Corp (MMEX)

[flemsnopes]

Selected excerpts from the proposed merger press release for those who want to learn more about the "Monarch Bay Way" (wink,wink).

In the transaction, Management Energy would issue to the owners of Maple Carpenter Creek Holdings 62,737,500 shares of common stock at closing and an additional 20,912,500 shares of common stock to vest on certain milestones to be defined in definitive transaction documents

subject to a number of conditions, including, but not limited to, execution of definitive agreements, a minimum amount of equity financing totaling $750,000 and approval of the transaction by Management Energy, Inc. and Maple Carpenter Creek Holdings Board of Directors and stockholders. Accordingly, there can be no assurances that the merger will be completed.

MMEX's CEO David Walters commented, "Maple Carpenter Creek has made a significant investment in the projects and has a management team with a proven track-record of building companies."

Based in San Juan Capistrano, Calif., Management Energy, Inc., an exploration stage company engages in the exploration, extraction, and distribution of coal.