One-Page Deal Sheet
Cardinal Energy Group Acquires EOI Eagle Operating
Cardinal Energy Group Inc. Eoi Eagle Operating Inc
Announced Date
April 20,2017
Transaction Type
Corporate
Location
Region
United States
Country
United States
Transaction Details: Require Private Equity Subscription
Summary: Cardinal Energy Group has acquired EOI Eagle Operating, Inc and its assets. The Company issued 1,000,000 shares of the Series B Preferred stock and a note for $250,000 to acquire the assets of EOI Eagle Operating, Inc.
Timothy W. Crawford, CEO of Cardinal Energy stated, “We are pleased to announce the acquisition of Eagle’s assets as these assets will generate significant revenues to the Company. However, the jewel of this acquisition is the many years of experience that Paul Carlisle brings to Cardinal”.
Paul will be appointed by the Board of Directors in the next 30 days to the…
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