March 01, 2017 3:40 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Converde Energy USA Inc.

Company Overview

Converde Energy USA Inc., a development stage company, develops and applies renewable energy technologies to power systems. The company’s plasma assisted bio-mass to energy plants produces green energy in the form of sulfur-free diesel and electricity. The company was formerly known as W2 Energy, Inc., and changed its name to Converde Energy USA Inc. in September 2014. Converde Energy USA Inc. was founded in 1987 and is headquartered in Cambridge, Canada.

120-H Turnbull CRT

Cambridge, ON N1T 1H9

Canada

Founded in 1987

6 Employees

Phone:

519-800-7556

Key Executives for Converde Energy USA Inc.

Converde Energy USA Inc. does not have any Key Executives recorded.

Converde Energy USA Inc. Key Developments

Converde Energy USA Inc. Announces Executive Changes

Converde Energy USA Inc. ("Converde" or "XFUL") announced the completion of a share exchange agreement to merge Hydration Company of PA, LLC into Converde Energy USA Inc. This share exchange agreement will provide a new direction and management for Converde and its shareholders as well as renewed value. Mr. Brad Domitrovitsch, the majority membership interest holder in Hydration Company of PA, LLC ("HCPA") and Converde have completed the share exchange agreement whereby Converde Inc. shall relinquish control to HCPA, while retaining a holding of preferred shares sufficient to 30% of the voting rights with additional rights stated herein, in exchange for Brad Domitrovitsch's contribution of his membership interest in HCPA to the Corporation. The Corporation has agreed to issue the common capital stock and control of Converde. In addition, the sitting members of the board of directors agreed to resign and appoint Mr. Brad Domitrovitsch as sole director. As of the date of the agreement, the corporation has received resignations from Mr. Michael McLaren and Sigmund Friberg. In addition, the Board acknowledges that Mr. Pierre Besuchet, who was appointed to the Board, has passed.

Converde Energy USA Inc. to Open a Location in Calgary, Alberta, Canada

Converde Energy USA Inc. announced that it will open a location in Calgary, Alberta Canada to exploit stranded natural gas opportunities in the area. Converde has been working on different business opportunities in the conversion of stranded natural gas assets to liquid fuels. During this time the company has determined a large market exists in the area with low barriers to market entry. The company will set up a small system at the Alberta location for customer demonstrations. Cambridge location will focus on Grinding systems, Grinder Manufacturing and contract grinding as previously announced on July 29th 2015.

Converde Energy Seeks Acquisitions

Converde Energy USA Inc. (OTCPK:XFUL) is looking for acquisition opportunities. As reported in our last update Converde Energy continues to pursue assets in the green fuel production business as well as traditional energy assets that fit our corporate vision. Coal tailings, coal waste sites and stranded or distressed gas assets are still among our target acquisitions. Converde Energy is in negotiations with 2 such companies, which will bring asset value and cash flow to the company.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 13, 2016
Hydration Company of PA, LLC
 

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