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NNRI Executes Acquisition Letter-Of-Intent
By: NNRF, Inc
The acquisition of the property and greenhouse will be an organic produce growing facility which will also be utilized for both research and development and a showcase for our Green Agriculture venture utilizing proprietary growing techniques and systems to be licensed and integrated through a joint venture agreement which is in the process of being finalized. The property includes a 17.5-acre tract of land and 21 interconnected greenhouses totaling approximately 96,640 square feet which are all climate-controlled. There is also an existing 17,928 square foot office/warehouse building.
The Proposed Transaction
Pursuant to theProposedTransaction, the Company will issue $750,000 in common shares (subject to SEC Rule 144 Restrictions)
The transaction is subject to completion of due diligence reasonable or customary in a transaction of a similar nature.
NNRF, Inc. is as an eco-friendly holding company with specific focus on emerging green markets. NNRF looks to build value by targeting companies that are positioned to grow as the world moves to invest and develop green technologies, green energy and healthier living and lifestyles.
Cautionary Note Regarding Forward-Looking Information
Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, many of which, are inherently uncertain and outside of the Company's control and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Those assumptions and factors are based on information currently available to the Company. There is no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not except as required by applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
NNRF, Inc./Tomi Holden