W2 Energy Inc. (OTCPK:WTWO) signed a memorandum of understanding to acquire 51% of AM Biofuels for $0.06 million in stock on February 5, 2013. W2 Energy will issue 55 million shares as consideration. The deal is subject to further due diligence, consents, approvals and execution of the stock purchase agreement, which is expected within 60 days of signing of memorandum of understanding.

W2 Energy Inc. (OTCPK:WTWO) signed a binding memorandum of understanding to acquire 51% stake in Ecobound Fuel Production Systems from Ecobound International for $0.02 million in stock on January 31, 2013. W2 Energy will issue 25.55 million shares to acquire 0.51 million shares of Ecobound Fuel Production Systems. The agreement also states the parties have agreed to complete and further due diligence, consents and approvals and execute the stock purchase agreement) within ... 30 days of signing the memorandum of understanding.
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