GILLETTE, WY--(Marketwired - May 10, 2016) - NuTech Energy Resources, Inc. (
Both corporations in negotiation are actively consulting with their management teams and advisory boards to map out immediate actions. NuTech Energy's attorneys have evaluated the offer and have concluded that their evaluation of the offer points to it being in fact a bona fide offer with the ability to close. The terms are not yet known for the potential transaction, but the Company intends to update shareholders as developments evolve.
Due to the country's economic condition in the oil and gas industry, the Company is receptive and is strongly considering this offer.
About NuTech Energy Resources, Inc.: Nutech Energy Resources, Inc. (
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Contact Information:
Contact:
Investor and Media
Steffan Dalsgaard
CEO Everest Corporate Advisors, Inc.
702-902-2361
702-982-1139