EMP Metals (CSE:EMPS)
Historical Stock Chart
From Jan 2020 to Jan 2025
EMPS Research Corporation Finalizes Acquisition of Condesa
Pacific, S.A.
SALT LAKE CITY, Feb. 2 /PRNewswire-FirstCall/ -- EMPS Research Corporation
(OTC:EMPS) (BULLETIN BOARD: EMPS) announced today that it has completed the
closing of the Plan and Agreement of Reorganization to acquire Condesa Pacific,
S.A. With the completion of the closing, the Company issued 35,000,000 shares
of Company common stock to acquire 100% of the outstanding capital stock of
Condesa from Condesa shareholders. Following the closing, the Condesa
shareholders now own approximately 90% of the outstanding common stock of the
Company.
Condesa is a British Virgin Islands international business company whose
primary asset is an exploration and production contract held by its
wholly-owned subsidiary Kaznickel, LLP. The exploration and production
contract, which was issued by the Ministry of Energy and Mineral Resources of
the Republic of Kazakhstan, grants Kaznickel the exclusive right to explore for
and produce nickel, cobalt and other minerals in the 616 hectare (1,522 acre)
Gornostayevskoye field located in the Beskaragaiskiy region of eastern
Kazakhstan.
The Company intends to pursue the exploration and development of the
Gornostayevskoye field. EMPS Research Corporation's President Terrence Chatwin
said, "We are pleased to conclude this acquisition. We will now focus our
attention toward obtaining sufficient funding to allow us to undertake
exploration activities within the Gornostayevskoye field."
Since its inception in 2001, EMPS Research Corporation has been engaged in the
research and development of a patented technology for a novel high frequency
eddy current separator for use in separating nonmagnetic particulate materials.
With the consummation of the acquisition, EMPS Research will shift its
business focus to the exploration and production of the Gornostayeskoye field.
The corporate offices of EMPS Research are located in Salt Lake City, Utah.
With the consummation of the acquisition, it is anticipated that EMPS Research
will also open corporate offices in Kazakhstan.
The foregoing may contain forward-looking statements. For this purpose any
statements contained in this document that are not statements of historical
fact may be deemed to be forward-looking statements. Without limiting the
foregoing, such words as "may," "will," "believes," "anticipates," "estimate,"
"continue," or comparable terminology intends to identify forward-looking
statements.
DATASOURCE: EMPS Research Corporation
CONTACT: Marat Cherdabayev, +1-801-746-3700, for EMPS Research
Corporation