American Metals Recovery and Recycling Inc. acquired Substantially All Assets of Multiband Global Resources, LLC for on August 31, 2022.
American Metals Recovery and Recycling Inc. (OTCPK:AMRR) completed the acquisition of Substantially All Assets of Multiband Global Resources, LLC on August 31, 2022. On November 16, 2022, the Company entered into an Amendment to the Asset Purchase Agreement (the ?Amendment?) with MGBR pursuant to which, among other things, the Company and MGBR amended the consideration payable under the Asset Purchase Agreement as follows: (i) the Company and MGBR waived MGBR?s obligation to pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company?s obligation to issue to MGBR or its designee the One Million (1,000,000) shares of Series A Preferred Stock of the Company; and (ii) in lieu thereof the Company will pay to MBGR or its designee $100 for the assets of MBGR acquired by the Company.