Navigation Links
NexGen Biofuels Ltd Signs Letter of Intent for the Purchase of World Venture Management, Inc. Assets and the Sale of its Current Business
Date:4/1/2009

PETACH TIKVA, Israel, April 1 /PRNewswire-FirstCall/ -- NexGen Biofuels Ltd. (OTCBB: NXGNF.OB), today announced that it has signed a non-binding Letter of Intent with World Venture Management Inc., a Nevada based company (herein referred to as ("WVM" ) and Mac Bioventures, Inc. The transaction includes (i) the transfer to NexGen of WVM's assets relating to its Real Estate acquisitions and asset management enterprise, such as Hotel/Casinos, Wineries and Vineyards, Refineries, Office Buildings and Apartment Complexes, Shopping Malls and other commercial buildings, in addition to the management of certain assets such a Gemstones, Gold and Diamonds and in-ground assets such as Coal and Oil, Gas and Natural Gas, in the United States in consideration for a controlling stake in NexGen and (ii) the purchase of NexGen's holdings in its subsidiaries by Mac Bioventures in consideration for a part of the debt it's assuming in NexGen.

The Letter of Intent further contemplates that the number of shares up to 65 million to be issued in consideration for WVM's assets shall be based on the valuation of the assets to be provided by a recognized valuation firm.

Closing of the transaction announced today is subject to the negotiation and execution of definitive agreements, the completion of due diligence, the receipt of the necessary corporate, regulatory and third party approvals, including NexGen's shareholders and the approval of an Israeli District Court. No assurance can be given that a definitive agreement will be signed or that the transaction will close.

About NexGen Biofuels Ltd.

NexGen Technologies Ltd. through it subsidiaries is a developer of ethanol and biodiesel plants, primarily in the United States. NexGen is currently in the process of acquiring and developing its proposed plants and has not conducted any significant business operations or generated any operating revenues to date.
'/>"/>

SOURCE NexGen Biofuels Ltd
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Healthcare Technologies Calls for a Shareholders Meeting to Approve the Nexgen Biofuels Transaction
2. NexGenix Pharmaceuticals Enters into Exclusive World-wide License to Develop Novel Hsp90 Inhibitors
3. Healthcare Announced That an Overwhelming Majority of its Shareholders Approved the NexGen Biofuels Transaction
4. Healthcare Technologies Ltd. Announces the Change of its Name to "NexGen Biofuels Ltd"
5. NexGen Biofuels Ltd. (Nasdaq: NXGN) Announces Receipt of Nasdaq Delisting Determination
6. NexGen Biofuels Ltd. Announces Trading on OTC Bulletin Board
7. NexGenix Pharmaceuticals Presents Data on a Novel Small Molecule Inhibitor of Heat Shock Protein 90 (Hsp90) at the Annual Meeting of the American Association for Cancer Research (AACR); Scientific Advisory Board Chairman Tyler Jacks Named President-elect
8. NexGen Biofuels Ltd. Announces Plans to Replace its CFO With Local CFO
9. N.C. Takes Biofuels Leadership, Establishes New Endeavor With $5 Million State Appropriation
10. Monsanto Company and Mendel Biotechnology Announce Cellulosic Biofuels Collaboration
11. Performance Plants Establishes U.S. Biofuels Facility
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... Davis, California (PRWEB) January 22, 2015 ... of Accelerator Mass Spectrometry (AMS) services to the pharmaceutical ... PhD has joined the company in the position of ... 30 years of broad and valuable experience in drug ...
(Date:1/22/2015)... January 21, 2015 Cambridge Semantics, the leading ... today announced that 2014 was a record-breaking year across the ... of the Anzo Smart Data Platform and our Smart Data ... insights from diverse data which led to record growth for ...
(Date:1/22/2015)... 2015 zFlo Motion , a US ... an exciting product from a new partner. STT-Systems ... the past 15 years, with offerings in the optical-motion capture, ... IMU system (inertial measurement unit), iSen, is opening eyes around ...
(Date:1/22/2015)... NEW BRUNSWICK , Nueva Jersey , 22 ... Award for Biomedical Research abre hoy su llamada ... las personas cuya investigación científica ha hecho, o tiene ... de la salud humana. Las nominaciones se aceptarán hasta ...
Breaking Biology Technology:Eckert & Ziegler Vitalea Science appoints Mark Seymour, PhD as Director of Science & Technology 2Eckert & Ziegler Vitalea Science appoints Mark Seymour, PhD as Director of Science & Technology 3Cambridge Semantics Announces Record Results for 2014 23D Motion Capture Just Got Easy 2El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 2El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 3El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 4
... 2011 Advanstar|CBI recently announced the full agenda for ... co-sponsored by 3d Communications. The Forum takes place February ... for FDA Advisory Committees, speaker faculty includes leading experts ... Development Center and many more. Leveraging ...
... Engineering researchers at the University of Toronto have ... on plastic. This result enables a flexible form factor, ... OLED manufacturing, which currently relies on rigid glass. ... issue of Nature Photonics . OLEDs provide ...
... Neurocrine Biosciences, Inc. (NASDAQ: NBIX ) today announced its ... For the third quarter of 2011, the Company reported net ... compared to net income of $3.3 million, or $0.06 per fully ... nine months ended September 30, 2011, the Company reported a net ...
Cached Biology Technology:CBI Announces 3rd Effective Preparation for FDA Advisory Committees 2University of Toronto researchers create world's most efficient flexible OLED on plastic 2Neurocrine Biosciences Reports Third Quarter 2011 Results 2Neurocrine Biosciences Reports Third Quarter 2011 Results 3Neurocrine Biosciences Reports Third Quarter 2011 Results 4Neurocrine Biosciences Reports Third Quarter 2011 Results 5Neurocrine Biosciences Reports Third Quarter 2011 Results 6Neurocrine Biosciences Reports Third Quarter 2011 Results 7Neurocrine Biosciences Reports Third Quarter 2011 Results 8
(Date:1/22/2015)... Inc. , a market leader of iris-based identity authentication solutions, ... the new role of Senior Vice President of Mobile and ... platforms and wearable solutions for EyeLock,s technologies. Gerber brings more ... industry to his role at EyeLock, with expertise in human ...
(Date:12/22/2014)... DENVER , Dec. 22, 2014  The 2014 Holiday ... industry as Acuity Market Intelligence reports that the long ... Acuity forecasts that intensifying demand for smart phones, tablets, ... a global market of 2.5 billion users with nearly ...
(Date:12/17/2014)... and Markets ( http://www.researchandmarkets.com/research/s6qzt5/samsung_galaxy_s5 ) has announced ... Home Button Synaptics Fingerprint Sensor Technology Analysis" report ... Based on a totally different sensing ... first time a fingerprint sensor in its product. ...
Breaking Biology News(10 mins):EyeLock Names Steve Gerber as Senior Vice President of Mobile and Wearables 2First Season of Holiday Shopping with Mobile Biometric Payments Wraps Up With a Present for Biometrics Industry: A Rosy Forecast for More Than 2 Billion Users of 4.8 Billion Mobile Biometric Devices by 2020 2Samsung Galaxy S5 - Home Button Synaptics Fingerprint Sensor Technology Analysis 2
... bacterium behind one of mankind,s deadliest scourges, tuberculosis, is ... Standards and Technology (NIST) and the Department of Energy,s ... decades-old question of what controls the switching on and ... functions. In a Journal of Biological Chemistry ...
... Complete Genomics, Inc. released proof-of-concept (PoC) data for ... yesterday evening. The analysis results were reviewed by Dr. ... his presentation at the annual Advances in Genome Biology ... Beach Resort, Marco Island, Fla. Complete Genomics successfully ...
... Richard B. Sher, PhD, a professor of history at ... National Endowment for the Humanities (NEH) Fellowship to edit ... eighteenth-century Scottish writer. Boswell was best known for his ... on the thought and culture of 18th century Scotland. ...
Cached Biology News:Long-sought protein structure may help reveal how 'gene switch' works 2Long-sought protein structure may help reveal how 'gene switch' works 3Complete Genomics releases proof-of-concept data for its sequencing technology for the first time 2Complete Genomics releases proof-of-concept data for its sequencing technology for the first time 3
Mouse monoclonal antibody to FMN2 - formin 2...
...
Anti-Human Complement Component C4c, IgY fraction (Polyclonal) (chicken IgY)...
... (KLF15) KLF15 is a Cys2-His2 zinc ... in the liver, kidneys, heart, and skeletal ... Polyclonal antibody produced in rabbits immunized with ... of human KLF15 with an internal ID ...
Biology Products: