Multi-Corp International Inc. (OTCQB: MULI). ("Multi-Corp" or the "Company") an emerging Exploration and Production Company that is actively acquiring and developing oil and gas assets in North America is pleased to announce, that the Company has signed the purchase/assignment papers from Quad Energy Corp to take over all of Quad's interests in the Double XX property from Robin Hood. Robin Hood has been in receivership since 2011 and was waiting the final approval from the Court to this purchase/assignment. Quad has been working hard to purchase this property from the Courts since December 2011. It was finally approved by the Courts but needed the final consent from the Justice Department (Mr. Manny Lucerio, United States Attorney for New Mexico), which consent was granted in June 2013. The Double XX property was purchased for three million restricted shares of Multi-Corp valued at $1.30 per share. This value was based upon the closing price of this transaction which occurred on June 10th, 2013.
About Multi-Corp International, Inc. ( OTCQB : MULI)
Multi-Corp International is an Exploration and Production (E&P) company focused on delivering superior operating and financial results by developing and acquiring oil and gas resources initially in New Mexico and then throughout North America, that are contributing to the country's energy security and vital to the world's health and welfare. The Company operates from its offices in Los Angeles, California.
Notice Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Multi-Corp International, Inc.
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Mrs. Jean Mann
President & C.E.O.
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