Global Agri-Med to Raise Up to $1 Million
CALGARY, Alberta, Sept. 21 /PRNewswire/ — Global Agri-Med Technologies, Inc. (Pink Sheets: GAGO) has announced that the Company is proceeding with a non brokered private placement in the amount of up to $1,000,000. Final details are being worked out on the offering. The proceeds from this offering will be used to evaluate and acquire 2D seismic trade data on our Meota and Westlock properties. In addition the company intends to initiate a seismic program of its own. To compliment the seismic data that it acquires giving the company a broad spectrum of the geological formations.
Once the data has been compiled the company’s geologist will process and interpret the data which will enable us to identify drilling targets as well as what depths to drill at.
The company would like to achieve this within the next 45 days and be ready to drill one well on each of its prospects before year end.
Using the benefit of Flow through shares and the tax benefits associated with it, we are very optimistic that this can be accomplished in short order.
Mr. Fred DaSilva, the company’s CEO added, “We are very excited to reach this landmark of having the necessary capital to achieve our intended goal. Both the Meota and Westlock properties have proven potential and with this injection of capital we can proceed with our geological assessment and confirmation on the commercial viability on the prospects allowing the company to move forward.
For more information on Quad Energy, please see the company’s web site www.quadenergy.ca or call Fred DaSilva at 1-800-817-4140.
About Quad Energy
Quad Energy is a junior oil and gas company operating out of Calgary, Canada with a portfolio of oil and gas assets that include interests in Alberta and Saskatchewan. Quad seeks to acquire and improve properties that can be brought on stream to produce meaningful cash flow and then trade or sell these assets to middle tier oil and gas concerns in Canada or North America. Quad feels this strategy offers investor’s good upside potential with less of the risks associated with the traditional wild cating strategy employed by many of the junior oil and gas players.
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Global Agri-Med Technologies, Inc. cautions that statements made in this press release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Actual results or developments may differ materially from projections. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Contact: Fred DaSilva 1-800-817-4140
SOURCE Global Agri-Med Technologies, Inc.