Quantum Energy, Inc. entered into an agreement to acquire approximately 4.84% working interest in a heavy oil project in Missouri from Mountain Top Properties Inc.

Quantum Energy, Inc. (OTCPK:QEGY) entered into an agreement to acquire approximately 4.84% working interest in a heavy oil project in Missouri from Mountain Top Properties Inc. on July 14, 2016. Quantum Energy, Inc. (OTCPK:QEGY) entered into an agreement to acquire approximately 4.84% working interest in a heavy oil project in Missouri on July 14, 2016. In consideration of this acquisition, Quantum Energy issued 5,000,000 shares of its common stock with a fair value of $550,000 on July 29, 2016 and assumed joint interest liabilities of $33,911.

Quantum Energy, Inc. acquired approximately 4.84% working interest in a heavy oil project in Missouri on August 2, 2016. Casimir Resource Advisors LLC represented Quantum Energy in the transaction. Quantum Energy, Inc. (OTCPK:QEGY) completed acquisition of approximately 4.84% working interest in a heavy oil project in Missouri on August 2, 2016.