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Four Rivers to acquire Kreido Biofuels
(18/02/2009)

Kreido Biofuels, Inc. has jointly announced with Four Rivers BioEnergy Inc. that Kreido has agreed to sell substantially all of its assets to Four Rivers. Kreido is selling the specified assets for $2.8 million in cash, the assumption by Four Rivers of $260,000 of Kreido purchase orders and contracts, 1,200,000 Four Rivers shares of common stock and warrants to purchase up to 200,000 Four Rivers shares of common stock, exercisable at $8 per share for a period of five years. The shares issued ... [more]

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