GASCOM Renew Spa acquired 55.9% stake in Premier Power Renewable Energy, Inc. (OTCBB:PPRW) from Dean Marks and Miguel de Anquin for $1.8 million in cash on July 11, 2012. Under the terms of the agreement, GASCOM purchased 16.4 million shares. GASCOM purchased 10.7 million shares from Dean Marks for cash consideration of $0.97 million and 5.7 million shares from Miguel de Anquin for cash consideration of $0.82 million. GASCOM Renew Spa completed the acquisition of 55.9% stake in Premier Power Renewable Energy, Inc. (OTCBB:PPRW) from Dean Marks and Miguel de Anquin on July 11, 2012.