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Western Sierra Resource Corporation Announces Funding, Asset, and Management Consolidation ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Western Sierra Resource Corporation Announces Funding, Asset, and Management Consolidation .
Western Sierra Resource CorporationJanuary 20, 2021 GMT
STEAMBOAT SPRINGS, Col., Jan. 20, 2021 (GLOBE NEWSWIRE) WESTERN SIERRA RESOURCE CORPORATION (“WSRC” or the “Company”) OTC: WSRC announces that a binding Letter of Intent for funding, asset, and management consolidation has been executed with GLOBAL HEMP GROUP, INC. (CSE: GHG/OTC: GBHPF/FRANKFURT: GHG. Prescient Strategies Group LLC (“PSG”), holder of a majority of the Company’s Preferred Series A Shares, has signed a binding Letter of Intent wherein it has agreed to transfer its Western Sierra Resource Corporation (“WSRC”) Preferred Series A Shares (“WSRC Prefs”) to GHG in a private, third party transaction in exchange for funding to advance WSRC’s water and resource projects under the GHG Corporate umbr ....

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Western Sierra Resource Corporation Announces Funding, Asset, and Management Consolidation Agreement With Global Hemp Group for Implementation of Beneficial Use Projects in Colorado

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STEAMBOAT SPRINGS, Col., Jan. 20, 2021 (GLOBE NEWSWIRE)
WESTERN SIERRA RESOURCE CORPORATION ( WSRC or the Company ) OTC: WSRC announces that a binding Letter of Intent for funding, asset, and management consolidation has been executed with GLOBAL HEMP GROUP, INC. (CSE: GHG/OTC: GBHPF/FRANKFURT: GHG. Prescient Strategies Group LLC ( PSG ), holder of a majority of the Company s Preferred Series A Shares, has signed a binding Letter of Intent wherein it has agreed to transfer its Western Sierra Resource Corporation ( WSRC ) Preferred Series A Shares ( WSRC Prefs ) to GHG in a private, third party transaction in exchange for funding to advance WSRC s water and resource projects under the GHG Corporate umbrella; and to retire WSRC s secured debt obligations. The resulting acquisition of these WSRC Prefs will effectively give GHG board control of WSRC, and specifically of its strategic water infrastructure assets that will be an integral part of the Company s Color ....

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