date:May 14, 2014
connection with XMRJ's acquisition of the 40% equity interest in Tianzhili in November 2012. As a result of the transaction, Tianzhili became a wholly owned subsidiary of Fengze and the Company regained full control of its Black Hog Program in Enshi Prefecture.
On April 11, 2014, the Company announced that it had entered into an agreement to sell $5.72 million shares of its common stock (the Offering) to Mr. Ping Wang, the Company's Chairman and CEO. Pursuant to a Subscription Agreement execute