Turner Valley Oil and Gas, Inc. Enters into $25,000,000 Placement Agent Agreement with Network 1 Financial Securities, Inc
April 20, 2017 at 08:00 am EDT
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Turner Valley Oil and Gas, Inc. announced that it has entered into an exclusive engagement with Network 1 Financial Securities, Inc. to be the company's Investment Banker to complete a $25,000,000 capital placement. The placement will be used to accelerate growth through acquisitions as previously announced, one of which includes the strategic asset acquisition of an International Bitumen Tanker Shipping Company. With the engagement of Network 1, the Company will now work to become fully SEC compliant, up-list to the OTCQB, and complete final compliance and required closing conditions to fully capitalize the Company for growth. The investment bank has a successful track record covering over 30 years in taking emerging OTC companies to larger exchanges like the NASDAQ and NYSE, and Turner has plans to pursue the same path. The Company is working with the Network 1 to finalize the financial model including forward-looking projections, the closing of these initial 5 Bitumen Shipping Vessels as well as the projected acquisition plan, which includes expansion via the purchase of a large number of vessels at discounted valuations which are currently under negotiation. Turner will announce these details as well as other pertinent information through its Corporate Website and in a subsequent press announcement.
Network 1 Financial Group, Inc., through Network 1 Financial Securities, Inc., is a full-service broker-dealer. The Company offers investment services, private placements, syndications, portfolio analysis, vision cash management account and private client services to its clients, who include institutional investors, high net worth individuals worldwide, managed pension funds, and hedge funds. Network 1 Financial Securities, Inc. is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). The Companyâs traditional services include Fairness Opinions; Private Placements; IPOs and Securities Offerings; Financial Consulting; Mergers and Acquisition; Bank and Debt Financing, and Business Planning and Development. It also provides non-deal roadshows, shareholder relations and communications; and, electronic media.