JOBS Act Rule 506(c) Summary of the announced Offering Circular
This is a JOBS Act Rule 506(c) bond offering made pursuant to the rules and regulations of the United States Securities and Exchange Commission. (S.E.C.)
The bond is made, in addition, so as to qualify as investment property, pursuant to Article 9(46) of the Uniform Commercial Code in the United States.
Holders of the bond must do so for one year at which time the bond can be resold.
This bond concerns a large natural gas field in Allen County, Kansas. The primary purpose of the bond is to raise capital to acquire the entire company that has a long term contract with a local city, leases on more than 70 wells already drilled, leases on over 30 well sites identified within the 5-mile radius of the well field, together with all equipment and intangible assets, such as the Kansas operator’s license, any other licenses and permits, and the leases. The company to be acquired operates at a profit. Only approximately 5% of total capacity is currently being utilized, thus allowing for significant pumping of product and therefore, revenue and profit. The current contract with a local city has direct pipeline access to that customer. A major value added component to this site is that the national pipeline system is a short distance from the well field. The pipeline system will provide to the bond seller, MHR, the ability to retain service companies that provide a virtual pipeline system. The virtual services pipeline will utilize over- the- road tanker truck delivery services to the pipeline. This infrastructure system will, thus, provide an additional and significant long term, efficient and affordable delivery of product into the marketplace upon deposits into the national pipeline.
Everything said in this summary is contained within the four corners of the offering circular that is made a part of this Rule 506(c) offering.
There is nothing in the entire announcement, including in this summary, that can be considered as anything more than an announcement.
There is no offer to sell anything throughout this entire announcement.
There is nothing in this announcement, including in this summary, that, in any way, shape or form, constitutes an endorsement by the United States Securities and Exchange Commission (S.E.C.) of anything in this announcement, in the offering circular, this summary or any uploads onto EDGAR, or in any announcement media presentations, whether pictorial, by motions ad, videos or multimedia vendor companies, like YouTube.
The full offering circular is available by clicking on the link in this section that says: Full offering circular
The corresponding electronic upload onto the file of the S.E.C., called EDGAR, can be viewed by clicking on this link: Allen EDGAR file
Any investor, or potential investor, must not rely on the contents of this summary. Instead, such persons must rely solely on the contents of the offering circular and the electronic EDGAR upload as far as this offering is concerned. The investor, or potential investor may rely on other sources of information, attorneys and accountants for example. Any interpretation by the members of those professions as to this offering is between the investor or potential investor and the professional. No professionals are giving advice on behalf of the issuer in this offering, to any investor or potential investor.. With respect to the issuing company here,MHR Acquisitions, Inc., the investor may only rely on the offering circular and the EDGAR upload.