One-Page Deal Sheet
Rockdale Resources to Acquire Texas-Based Service Company
Rockdale Resources Corporation Askarii Resources LLC
Announced Date
February 09,2016
Transaction Type
Corporate
Transaction Details: Subscribe to see
Rockdale Resources Corporation has announced the signing of a Share Exchange Agreement with Askarii Resources, LLC, a Houston based Service Company. Rockdale will acquire 100% of the outstanding common stock of Askarii, in exchange for one million shares of the Company's restricted common stock.
This transaction has an aggregate value of $50,000 at current market values.
By acquiring Askarii, the Company plans to diversify its business model, in order to remain competitive. The oilfield service business will allow greater access to the supply chain, allowing for enhanced cost controls, as…