Bio-American Capital Corp. Announces Negotiations to Acquire all of the Outstanding Equity Securities of Cheetah Oil & Gas Ltd.Business Editors/Health/Medical Writers LAS VEGAS--(BUSINESS WIRE)--March 1, 2004 Bio-American Capital Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIOA BIOA British and Irish Ombudsman Association ) today announced that it was in negotiations to acquire all of the outstanding equity securities of Cheetah Oil & Gas Ltd. in a stock for stock exchange. Bio-American Capital Corp. will be the surviving company surviving company The company that emerges in control following a business combination. The surviving company is generally one of the firms entering the combination but may be a new company formed by the combination. . The acquisition is subject to the conclusion of an acquisition agreement and the satisfaction of certain conditions prior to closing. Cheetah Oil & Gas Ltd. is a private company, incorporated under the British Columbia Act, and it is primarily involved in the exploration for oil and gas in Papua New Guinea Papua New Guinea (păp`  ə, –y . The principal assets of Cheetah Oil & Gas Ltd. are oil and gas exploration licenses obtained January 22, 2004, with exploration periods of six years, and performance requirements by certain dates in the future. Disclaimer: The Company relies upon the safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competition and other factors which may be identified from time to time in the Company's public announcements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion