Rapa Mining Inc.: Press Release.WEGBERG, Germany -- Rapa Mining Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RAPM RAPM Risk Adjusted Performance Measure (financial modeling) RAPM Raven Advanced Progressive Matrices ) (the "Company") announced today that it has completed the acquisition of Clyvia Technology GmbH ("Clyvia Technology"). The acquisition of Clyvia Technology was completed in accordance with the terms of the share purchase agreement between the Company, Clyvia Technology, Clyvia Capital GmbH and Brian Cheston, formerly the Company's Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary. In consideration for all of the shares of Clyvia Technology, the Company issued to Clyvia Capital 55,000,000 shares of its common stock. As part of the transaction, Clyvia Capital acquired an additional 14,000,000 shares of the Company's common stock from Mr. Cheston at an aggregate price of $10,000. Upon closing, Paul Chung and Mr. Cheston resigned from the Company's board of directors, with Mr. Cheston also resigning as Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary of the Company. Walter P.W. Notter has been appointed as the sole director and officer of the Company in their stead stead n. 1. The place, position, or function properly or customarily occupied by another. 2. Advantage; service; purpose: "His personal relationship with the electorate stands in good stead" . Walter P.W. Notter has over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience in finance and banking and has held a number of senior positions at Swiss banks. From 1984 to 1987, Mr. Notter held the position of vice-director at Finanz- & Handels AG Schwyz. In 1987, he became the managing director of Globo Investkredit AG / Bank Globo AG where he remained until 1993. In 1993, Mr. Notter returned to Finanz- & Handels AG Schwyz and assumed the position of managing director until 1998. Since then Mr. Notter has acted as a private consultant specializing in finance, engineering administration, facility management and real estate investment. In addition to acting as a private consultant, at various times during the last seven years, Mr. Notter has acted as the president and chief executive officer of a number of private companies. Clyvia Technology (www.clyvia-tec.com) is a company based in Wegberg, Germany engaged in the development of a proprietary technology that utilizes a process known as catalytic cat·a·lyt·ic adj. Of, involving, or acting as a catalyst: "Deregulation's catalytic power . . . is still reshaping the banking, communications, and transportation industries" Ellyn E. depolymerization depolymerization /de·po·lym·er·iza·tion/ (de?po-lim?er-i-za´shun) the conversion of a polymer into its component monomers. depolymerization to produce fuel from industrial waste products and recyclable materials such as plastics, vegetable oils <onlyinclude> This list of vegetable oils includes all vegetable oils that are extracted from plants by placing the relevant part of the plant under pressure to extract the oil. and organic solids. Clyvia Technology has demonstrated this process in laboratory tests and is now seeking to construct a pilot project prototype that can be used to demonstrate that this process can be used to effectively create a renewable source of high quality diesel fuel and/or heating oil. This Press Release may contain, in addition, to historical information, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. Rapa Mining Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :RAPM) |
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