For Immediate Release

Montague International Holding Ltd. (MIHL) Announces the closing of the purchase of latvian acquisitions

October 25, 2012, Philadelphia PA - MIHL had announces closing in escrow of its Latvian acquisitions. 

 MIHL announced today that the deals to purchase SIA BIOIL and SIA KROKUS of Riga Latvia had been closed in escrow to allow for the filing of shareholder changes with the Latvian Registrar of Companies.

The BiOil, owner of Biodiesel refinery in Riga Latvia, had transferred to US Oil & Refining Co an MIHL (wholly owned subsidiary of MIHL)  – 90% of all outstanding shares in the company.  The deal is valued at approximately US$8 million dollars. 

In addition, KROKUS, owner of several entertainment properties in Riga Latvia had transferred 90% of all outstanding shares to MTG Consolidated Entertainment Inc. (a wholly owned subsidiary of MIHL)  The deal valued at approximately US$25 million dollars.

MIHL welcomes the employees and management of SIA BiOil and SIA KROKUS to our company.

 For more information or to schedule an interview please contact us at 215 774 1591 or via email at investorinfo@montagueholding.com  

 


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