LAKE PARK, Florida ? August 23, 2013 ? On August 22, 2013, the Company entered into a common stock repurchase agreement with The Radiant Creations Group, Inc. to sell a portion of the common shares that the Company received through the Asset Purchase Agreement dated July 10, 2013.  The Company granted The Radiant Creations Group, Inc. an option to repurchase up to 3,250,000 of its shares for $0.1365 per share, for an aggregate repurchase price of $443,625. The Company may repurchase the shares in any increment and shall have 180 days to repurchase said shares. At the end of the term the Company and The Radiant Creations Group, Inc. can renew this agreement for an additional 90 days upon a mutual written agreement.


The Companies management determined the additional cash that could be granted for the sale of the shares would be valuable to the current operations of the Company.


Legal Notice:


This press release may contain forward-looking statements, particularly as related to pro forma financial statements, earnings estimates and business expectations, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be ?forward looking statements.? Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. These forward-looking statements are only made as of the date of the press release and The Renewable Corporation and the companies discussed do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.


 


SOURCE:  The Renewable Corporation, www.TheRenewCorp.com


Corporate Contact Information: The Renewable Corporation, 1313 S. Killian Drive, Lake Park, FL 33403; Phone: 561-328-6488


Investor Relations: Gary D. Alexander, Corporate Secretary; Email:  IR@TheRenewCorp.com; Phone: 772-380-4320 x3


Renewable (CE) (USOTC:RNWB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Renewable (CE) Charts.
Renewable (CE) (USOTC:RNWB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Renewable (CE) Charts.