Freestone Resources, Inc. (OTCPK:FSNR) acquired C.C. Crawford Retreading Co., Inc. from Infinity Web Systems, Inc. for $1.5 million on June 24, 2015. Under the terms and conditions of the agreement Freestone purchased C.C. Crawford Retreading Stock for $1.5 million. Freestone Resources made an initial payment of $0.5 million and entered into a promissory note with IWSI for $1 million. As a result of transaction, C.C. Crawford Retreading will become a wholly owned subsidiary of Freestone Resources.

Freestone Resources, Inc. (OTCPK:FSNR) completed the acquisition of C.C. Crawford Retreading Co., Inc. from Infinity Web Systems, Inc. on June 24, 2015.