BVI-registered EuroTex Finanz entered into agreement with North West Oil & Gas Trading Company

EuroTex Finanz Inc., a British Virgin Islands-based company engaged in international financial services business, made an announcement that on February 19, 2011 it has entered into a share exchange agreement with North West Oil & Gas Trading Company, Inc. NWOil is an emerging entity in the US-based oil and gas industry, its main businesses are reactivation of already existing oil and gas fields, expansion with modern production facilities and infrastructure. On February 21, 2011 the agreement was approved by the Board of Directors of both EuroTex Finanz Inc. and NWOil.

According to the agreement between North West Oil & Gas Trading Company and EuroTex Finanz Inc., there will be an exchange of shares between the parties. The exchange rate will be 300,000 shares of NWOil stock in return for 600,000 shares of Eurotex Finanz Inc. BVI.

NWOil also passed a resolution to pay a dividend in the form of EuroTex Finanz, Inc. shares to the individual NWOil registered stockholders, increasing EuroTex’s shareholder base. To qualify for this dividend, a stockholder must own a minimum of 100 shares of NWOil stock.

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