RenuEn Corporation (OTCPK:RENU) signed a letter of intent to acquire Team Energy, Inc. from Green Bridge Industries, Inc. (OTCPK:GRBG) on July 26, 2012. The transaction is expected to close within the next month. Michael Irving of Paramount Advisors, LLC acted as investor relation advisor in the deal.

RenuEn Corporation (OTCPK:RENU) completed the acquisition of Team Energy, Inc. from Green Bridge Industries, Inc. (OTCPK:GRBG) on September 4, 2012. Under the terms of the agreement, RenuEn issued its 200 million common shares and 1 preffered share to Team Energy. There was no cash remuneration. Post acquisition, Don Wood of Team Energy was appointed as the Chief Executive Officer and Chairman of the Board.