SmallCapNewsRelease:(OTCBB: TRKP) Announces Merger
JERICHO, NY—(SmallCapNewsRelease)—November 22, 2011, TurkPower Corp. (OTCBB: TRKP) announced yesterday that they have entered into a binding term sheet with ACM Corp. Post merger ACM Shareholders and management will assume control of the merged entity.
ACM owns 100% of its subsidiary Burkina Manganese, S.A., in production with its “Kiere” manganese mine, and 90% of Mali Manganese, S.A., with its “Ansongo” manganese mine, expected to be in production in Q1, 2012.
The closing of the acquisition is subject to the completed audit of ACM’s financials, which is expected by December 15, 2011. The Term Sheet calls for completion of the merger on or before January 31, 2012, and for ACM’s Chairman and CEO, Mr. Louis Slaughter, to take over as Chairman and CEO of TurkPower.
To view the entire press release, please visit http://finance.yahoo.com/news/Update-TurkPower-Corporation-iw-878953969.html?x=0&l=1
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