Tamm Oil and Gas Corp (TAMO.OB) Acquires initial Oil Sands Stake in the Sawn Lake Region of Canada
Tamm Oil and Gas Corp. (TAMO.OB) announced that the Company has entered into a definitive agreement to purchase the Gross Overriding Royalty Rights in Canada from a separate entity. Per this agreement, the selling entity has agreed to transfer all GORR interest for 4,000,000 shares of Tamm Common stock. The Gross Overriding Royal Rights is a specific royalty that will grant Tamm a continuous revenue source of approximately 2% from every barrel of oil sold in the Sawn Lake Region of Northern Alberta. Tamm has also signed a Letter of Intent between the Company and 1132559 Alberta Ltd. (1132559). This…