Sun Cal Energy Inc. Acquires San Joaquin Property
Investing News Network - July 19th, 2010
Sun Cal Energy Inc. (PINKSHEETS: SCEY) announced the acquisition of a 935 acre lease, located in the prolific San Joaquin Valley Basin of Central California.
Sun Cal Energy Inc. (PINKSHEETS: SCEY) announced the acquisition of a 935 acre lease, located in the prolific San Joaquin Valley Basin of Central California.
The press release is quoted as saying:
The company has purchased a 50% working interest (WI) and a 35% Net Royalty Interest (NRI) for $225,000.00 US in preferred shares of the company, convertible into common shares at the discretion of the holder at $.10 per share.