Inform Worldwide Holdings, Inc. (IWWI.OB) Subsidiary Signs Independent Contractor and Contract Mining Agreements
Inform Worldwide Holdings subsidiary, One World Energy Corporation, announced that it entered into an Independent Contractor Agreement with Ralph Smith & Son. Under the terms, the subsidiary will grant Smith & Son the right of first refusal as mining operator for acquired surface coal mining projects and One World Energy will supply the necessary operating capital and equipment. Smith & Son will receive 40% of the net revenue and was given the rights and privileges to the Motoncha and Selinger Leases. Upon the signing of the lease, the subsidiary completed the acquisition of all the leases that make up the…