American Wealth Mining Corp Increases Involvement in New Energy Pacific After Finalizing JV Agreement for Worldwide Distribution of Electric Construction Vehicles
AMERICAN PRM WATER CRP (HIPH)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/american-premium-water-corp-hiph-12049
Company Research
Source: GlobeNewswire
PLAYA VISTA, CA, Jan. 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Wealth Mining Corporation (OTC:HIPH) ("AWM" or the "Company”) is pleased to announce that it has entered into a Term Sheet to provide a Convertible Credit Facility to New Energy Asia Pacific Company Limited (https://www.new-energyap.com/) (“New Energy”), convertible up to an additional 30% in ownership in New Energy on an enlarged and fully diluted basis (“Convertible Credit Facility”). New Energy is a Hong Kong corporation that provides various types of electric construction vehicles, to distribute electric construction vehicles globally. The Company had previously announced that it had acquired a 10% interest in September 2022; terms of the acquisition were not publicly disclosed. The Convertible Credit Facility will allow the Company to own over 40% of New Energy. The Company has also finalized its Joint Venture (JV) agreement with New Energy, to create a new Singapore based Joint Venture entity, New
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