Petrus Resources Corporation Announces Intent to Enter into Share Exchange and Plan of Reorganization with Waters Club Worldwide, Inc.
Fort Lauderdale, Florida (PRWEB) August 24, 2015 -- Petrus Resources Corporation ("Petrus" or the "Company") a publicly reporting company, announced today the Company has signed a letter of intent with Fort Lauderdale, FL based Waters Club Worldwide, Inc. ("WCW") to enter into a share exchange and plan of reorganization that will result in Waters Club shareholders owning approximately 85 percent of the outstanding shares of common stock and all shares of the preferred stock of the reorganized Company. The transaction is subject to the execution of definitive documents, an effective registration statement with the SEC and the reconfirmation of investors in the Company's offering and approval of the Company's shareholders. After the transaction is closed, expected sometime in late 2015, the Company anticipates initiating all the necessary steps to commence public trading of its common stock, including, but not limited to the filing of a FINRA Form 15c2-11.
Waters Club Worldwide, Inc. is a Florida corporation founded in 2014 engaged in the operation of a luxury yacht charter business servicing several key cruising destinations including the northeastern US, Bahamas, and the Virgin Islands. WCW has existing relationships with the market leaders in the luxury home vacation club industry and has been servicing their members with great success.
WCW plans to expand its business by developing new relationships with other luxury vacation industry leaders by offering its charter services.
About Petrus Resources Corporation
Petrus Resources Corporation, is a publicly reporting company founded and incorporated in Delaware in 2011, which is seeking to acquire a business opportunity with entities which have recently commenced operations, or wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. Petrus Resources Corporation will not restrict its search to any specific business, industry, or geographical location and the company may participate in a business venture of virtually any kind or nature.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Words such as "believes," "anticipates," "plans," "expects," "intend," "will," "goal," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the Company's current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Petrus or Waters Club has no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
Miguel Dotres, Petrus Resources Inc., +1 (954) 6462106, [email protected]
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