Affiliate Under Rule 144
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NW Tech Capital, Inc. (NWTT.PK) is a viable already operational business with substantial revenues assets operations and goodwill.
NWTT recently reported that the company had finalized the merger with Bermal Contracting Ltd., a BC Canada company.
Bermal Contracting Ltd. offers substantial revenues and a sizable operations, currently excavating patio stone (Horizontal & Stand up Veneer), ledge stone, stackable stone & corner stone, and boulder stone.
Based on the Share Purchase Agreement (Pink Sheets filing July 30, 2010) NWTT had purchased Bermal Contracting Ltd. for six hundred million (600,000,000) shares of NWTT Common Stock.
This stock will be restricted, and subject to rule 144. Moreover NWTT has secured contractual assurances that Bermal Contracting must meet reasonable financial and business obligations and milestones set between the parties, satisfactory to NWTT board and in the best interest of NW Tech Capital, Inc. shareholders.
In other company news and events, this week NW Tech Capital, Inc. will complete a set of filings with OTC Markets appointing new officers/directors of Bermal to NW Tech Capital, Inc. roster in conjunction with the merger.
NGP Capital Resources Company (NASDAQ: NGPC) is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment portfolio is principally invested in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management, L.L.C. NGP Energy Capital Management, L.L.C., based in Irving, Texas, is a leading investment firm with over $9.5 billion of cumulative capital under management since inception, serving all sectors of the energy industry.
NGPC reported today its financial results for the second quarter ended June 30, 2010.
Overall, the Company had a net increase in stockholders’ equity (net assets) resulting from operations of $3.9 million, or $0.18 per common share, for the three months ended June 30, 2010 and dividends declared during the period of $0.17 per common share, resulting in stockholders’ equity (net assets) per common share of $11.18 as of June 30, 2010.
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Resale of restricted securities(and other securities owned by affiliates) under SEC Rule 144 (Corporate practice series) … |
