The share purchase agreement provides for the company to pay 15 million shares of common stock along with a $25,000 cash payment as per an agreement dated 5 November 2010.
As a part of an ongoing reorganization of the company’s business activity, the decision to diversify internationally into the geothermal energy field is aligned with the Mustang’s long-term strategy to add shareholder value.
Mustang is a geothermal exploration and development company that is in the business of discovering geothermal energy resources and building renewable energy electrical power plants.
