Questus Energy LLC cancelled the acquisition of Green Star Energies Inc. (OTCPK: GSRE) in a reverse merger transaction.
August 22, 2012 at 05:00 am
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Questus Energy LLC signed a preliminary agreement to acquire Green Star Energies Inc. (OTCPK: GSRE) in a reverse merger transaction on August 22, 2011. As part of the transaction Green Star will receive the rights to properties that cover approximately 1,100 acres in the Hawkeye and Midkiff Field in Eastland County, Texas, and are just south of Cisco, Texas. This transaction will require an increase in authorized common stock. Rock Ridge will continue to be run on a day-to-day basis by current management. Green Star Energies Inc. will be holding a special shareholder meeting and vote to seek the required approval. In addition, Green Star Energies Inc. will be asking shareholders for permission to change the company name and trading symbol. The transaction is subject to board and shareholder approval of Green Star Energies Inc.
On September 23, 2011, the proxy vote to increase the amount of authorized shares in the company was passed. The deal is expected to be finalized within the next week. Rocky Ridge is pleased to announce that it has finalized negotiations with Questus Energy, LLC and is preparing to close the transaction prior to December 31, 2011.
Questus Energy LLC cancelled the acquisition of Green Star Energies Inc. (OTCPK: GSRE) in a reverse merger transaction on August 22, 2012.
Rock Ridge Resources, Inc. is a petroleum company that provides capital and receivable financing for the management, expansion and development of proven reserves and natural resources. In addition, its portfolio includes the management and development of various real estate holdings, substance abuse recovery services, and marketing and recruitment services surrounding the substance abuse treatment arena. The Company's assets include Rock Ridge and Serenity Lodge. Through its subsidiary, Serenity Lodge, the Company also holds a California State Alcohol and Drug Rehabilitation License, and provides treatment to men, 18-years and older, near Lake Arrowhead, California. Serenity Lodge offers Inpatient Rehabilitation, Intensive Outpatient (IOP) at its Serenity Lodge Orange County Location, Third Party Partial Hospitalization Programs (PHP), Family/Group Sessions, After Care Support and On-Site 12-Step Meetings. Serenity Lodge utilizes a range of specialty therapies.