Energy Holdings International, Inc. (EGYH.OB) Creates Oil and Gas Joint Venture
Energy Holdings International, Inc. reported that the company has signed a deal with a private entity to create a joint venture to invest in oil and gas and power projects on a global basis. Energy Holdings International, Inc. is forming a Special Purpose Corporation with Wasatah Capital and capitalizing the corporation with $50 million. Energy Holdings International, Inc. has identified several attractive opportunities in the oil and gas development and power generation areas, and will be providing acquisition experience and assistance in operating the assets after purchase. Wasatah Capital is an investment company formed several years ago with the approval…