Rimrock Gold Corp Announces Sale of Astound NMN to Branded Legacy, Inc.
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Rimrock Gold Corp. (OTC Pinks: RMRK) (the “Company”) is pleased to announce it has finalized an Asset Purchase Agreement with Branded Legacy, Inc. (OTCPK: BLEG) to sell Astound NMN.
Under the terms of the Agreement, Branded Legacy will acquire all of the assets of Astound NMN from the Company in exchange for the issuance of 33,334 Non-dilutive Preferred Series D shares of Branded Legacy.
The sale of Astound NMN follows the Companys July 5, 2022 news release, which announced the signing of a Letter of Intent to acquire 100% interest in BluNutric Group Ltd. The transaction is essential as the Company transitions operations and reevaluates corporate strategy. These advancements are part of the Companys overall strategy to fuel growth and ultimately develop a financially strong business.
The changes that we are making today are an important first step to refocus the Companys priorities. Our aim is to become a leader in the algae farming sector, and increase value for the Company and shareholders, said Jordan Starkman, the Companys CEO. The Company will continue to be transparent with our shareholders and provide updates as we move forward.
Certain statements in this document that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as anticipate, believe, expect, future, may, will, would, should, plan, projected, intend, and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Rimrock Gold Corp. to be materially different from those expressed or implied by such forward-looking statements. The Companys future operating results are dependent upon many factors, including but not limited to: (i) the Companys ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Companys ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; and (iii) competitive factors and developments beyond the Companys control.
For more information, please contact:
Rimrock Gold Corp.
Jordan Starkman, President
1-800-854-7970
