The Froggy Channel., page-6834

The plot is pretty thick...lol
@the technician
Acquisition #2: Issuing ~$48 Million in Shares to Unnamed Parties in Exchange for An Opaque 1-Month Old Shell Company
Patriot Petroleum announced its official renaming Standard Lithium on December 1st, 2016. That same day, it signed an agreement expressing its intent to acquire mining claims through entity Moab Minerals (1093905 B.C. Ltd) and its subsidiary, 1093905 Nevada Corp.

At the time of its acquisition by Standard Lithium, neither Moab nor its subsidiary appeared to have any signs of an actual business aside from being a mere corporate entity. We found no online presence, no employees, and no obvious operations. Both entities had been formed around six weeks earlier. In fact, according to Standard Lithium, Moab’s sole asset was a set of land claims in Utah:

“Moab holds the rights to the Paradox Project (“Paradox”, which consists of 2,175 placer claims, covering an area of approximately 43,335 acres, in the Paradox basin in Grand and San Juan counties in the State of Utah.” [Pg. 6]

The company paid for Moab and its claims by issuing shares at a “deemed price” of $0.225 per share: