Sustainable Power Corporation (SSTP.PK) and Subsidiary of Borneo Oil Enters Into Share Subscription Agreement
Sustainable Power Corp. announced that Borneo Energy Sendirian Berhad (BOE), a Malaysian-based company and an entirely owned subsidiary of Borneo Oil and Gas Corp. Snd Bhd, entered into a Share Subscription Agreement with Sustainable Power Corp. The plan is to purchase 50,000,000 restricted shares of SSTP and the initial deposit required has now been received by SSTP. In addition, Sustainable Power Corp. has also entered into a technical collaboration term sheet with BOE. There will be two stages of implementation for this agreement of the Technical Collaboration as follows: Stage one (lasting about 6 months) involves the immediate creation and…