The terms of the acquisition are a share exchange whereby The Company will issue 10 million of its newly issued common shares in exchange for all of the issued and outstanding shares of RIG Construction, Inc. Closing is anticipated to occur in less than 30 days as all of the due diligence the Company required has already been completed. RIG Construction, Inc which operates two subsidiaries posted unaudited results of over $ 6 million in revenue in 2012 and so far in 2013 is exceeding those numbers by 30%.
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