Turner Receives $4,000,000 Commitment For Infrastructure Roll-Out From GHS Investments LLC
HOUSTON, Feb. 08, 2019 (GLOBE NEWSWIRE) -- West Announcement -- Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), a company focused on capitalizing on technology-forward American infrastructure expansion, announced today that it has accepted terms for a placement plan with GHS Investments, LLC (“GHS”), a New York based, public equity fund.
After considering various options, the Company chose GHS, a leading private investment and management group providing financial solutions for small cap enterprises, to assist in the roll-out of Turner’s disruptive infrastructure strategy as the anchor investor. GHS has agreed to terms with TVOG following extensive due diligence, management interviews, and a detailed analytic study of the Company.
Turner is pleased to inform investors that it has received an initial $4,000,000 commitment to be invested as key acquisitions are completed. The price of each placement will be adjusted as the market valuation increases but at no time shall be sold less than $0.0125. Proceeds from the investment will be used for growth capital and to fund the initial stages of the Company’s focused infrastructure build out that includes acquiring and investing in a series of smaller and mid-sized companies that are positioned for rapid growth. This will help establish an operating platform across divisions of infrastructure including services, supply chain, and technology. In addition, as part of the transaction GHS has agreed to fund registration costs up front, which will conserve Turner capital and limit dilution to shareholders. While this initial placement is completed, Turner will move to finalize engagement of its investment banking partner and prepare for the Preferred Stock placement plan as previously announced.
In discussion about the funding and the remaining compliance steps, Turner CEO Steve Helm stated, “The capital influx from GHS is a crucial step for Turner and will provide the foundation for growth that we envision. GHS has vast experience in the infrastructure industry and we are grateful that they recognize our Company as a coming major player in this space that is well positioned for growth.” He went on to state, “It is an exciting time now that we have secured the first two acquisitions for Turner within the infrastructure services segments to serve as cornerstones for the platform we have created, and we are going to continue an aggressive acquisition and growth plan. The steps outlined in our Company website update on January 24 are the critical next components so that we may be recognized on a major exchange and increase our transparency to the investment community, and we are working diligently to finalize and announce our results.”
Now that terms have been reached, next Turner is expected to engage the securities legal counsel, execute final placements documents and file its registration statement with the SEC. Details of the financing agreement will be included in an 8-K by the Company with the Securities and Exchange Commission and can be found at www.sec.gov. About Turner Valley Oil and Gas, Inc.Turner (OTC:TVOG) is a solutions provider of innovative infrastructure solutions, services and differentiated infrastructure-related technologies to the U.S. infrastructure industry. The company is focused on the Services, Supply Chain and Technologies segments with plans to operate a wide range of businesses including road and highway pavement companies, supply chain related and technology/R&D companies that provide innovative solutions for the construction, maintenance and repair, support, transportation and technologies throughout the U.S.
About GHS Investments, LLCGHS Investments LLC is a leading private investment and management group providing financing solutions for high potential small cap enterprises. GHS is currently active in 15-20 public companies as an equity investor and has been instrumental in the startup and growth of numerous high potential small cap enterprises since the mid 2010. Matthew Schissler, the President of GHS, is an American business executive who has served in leadership roles in a number of privately and publicly held companies. He’s most notable for having founded and managed Cord Blood America, Inc. (CBAI), a company specializing in the harvesting and storage of umbilical stem cells in the U.S. and worldwide. He is currently a private investor, participating in a multimillion-dollar portfolio through two separate funds, with an investment focus on micro-cap public companies exhibiting significant growth potential. Matthew Schissler is also the managing partner (as well as the founder) of Pyrenees Investments. For more information, visit: https://ghscap.com/ and http://matthewschissler.com/ and https://en.wikipedia.org/wiki/Matthew_Schissler
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Key Links: OTC Markets Profile: http://www.otcmarkets.com/stock/TVOG/profile Disclaimer: https://tvoginc.com/contactus/disclaimer/
Steve Helm, CEO Turner Valley Oil And Gas, Inc. Address: 1600 West Loop South, Suite 1600, Houston, Texas 77027 Phone: 1-713-588-9453 Email: info@TVOGinc.com Website: http://TVOGInc.com