North American General Resources Corporation Enters Into Agreement to Purchase the Assets of CMC Investments Inc.
16 Novembro 2004 - 9:13PM
PR Newswire (US)
North American General Resources Corporation Enters Into Agreement
to Purchase the Assets of CMC Investments Inc. VANCOUVER, British
Columbia, Nov. 16 /PRNewswire-FirstCall/ -- North American General
Resources Corporation, (OTC:NAGN) (BULLETIN BOARD: NAGN) announced
that the Company has entered into an agreement to acquire the
assets of CMC Investments Inc. ("CMC"), a private British Columbia
company. Under the terms of the agreement, North American General
Resources will purchase all of the assets, property and undertaking
of CMC by issuing 3,000,000 shares to the current shareholders of
CMC. CMC provides financial services including short-term loans and
check cashing services as well as operating a foreign exchange
service from several retail store premises located throughout the
Province of British Columbia, Canada. The Company currently has an
annual positive cash flow of approximately $1,000,000. The
statements in the press release that relate to the company's
expectations with regard to the future impact on the company's
results from acquisitions or actions in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results. DATASOURCE: North American
General Resources Corporation CONTACT: John Briner, Esq.,
+1-604-614-1764, for North American General Resources Corporation
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