We are committed to maximizing shareholder value. The following is an overview of what we are actively working on behind the scenes.
Wildfire Media Corporation (“Wildfire”) licenses the 1-800-LAW-FIRM brand to a national network of law firms committed to protecting the rights of clients in areas as diverse as consumer protection, environmental hazards, civil rights, and criminal defence among other areas.
On March 9, 2022, the Company executed a non-binding Letter of Intent with Wildfire relating to the acquisition of the assets and liabilities of 1-800-Law-Firm, PLLC, a Delaware Corporation.
On May 25, 2022, the Company and Wildfire signed a term sheet which established the acquisition price and other more formal terms and conditions under which the parties would be able to conclude the anticipated final transaction.
On September 14, 2022, GTII entered into a Share Exchange Agreement with Wildfire and the shareholders of Wildfire (collectively, the “Wildfire Shareholders”). The expectation is to acquire a 100% interest in Wildfire for a yet-to-be-determined number of the Company’s common shares, and subject to a verification of assets, and liabilities, as well as a PCAOB-compliant audit of Wildfire’s books for the calendar years ending December 31, 2021, and December 31, 2020, as well as other mutual due diligence, and a proposed business plan with its related budget in a form sufficient to GTII.
Trento Resources and Energy Corporation (“Trento”) is a privately held Delaware corporation owned by Mr. Sean Wintraub. He created the company to acquire a 40% interest in Inversions Trento SpA ("Trento SpA”), which is a privately held company registered in Copiapo, Chile, whose purpose is to develop, refine, and sell rare earth minerals and iron (the “Trento Project”). Trento SpA owns fourteen hundred hectares of mining concessions for rare earth minerals and iron in Chile. Operations are projected to commence in 2022, with full-scale production expected by the end of 2023.
On November 10, 2021, the Company entered into a stock purchase agreement (the “SPA”) with Trento, and Sean Wintraub (“Mr. Wintraub”), its sole shareholder. Mr. Wintraub is a United Nations global initiative founder who bears Diplomatic Status and has dedicated over 20 years of his life to the development of breakthrough technologies for humanity. Pursuant to the SPA, GTII issued 100,000 shares of common stock to Mr. Wintraub, with 100,000,000 shares to be issued upon Trento's successful raising, (within six months) of funds sufficient to support large-scale mining operations at the Trento Mining Project (the "Trento Project"), located in the Copiapo, Chile.
On December 9, 2021, GTII retained Bertrand-Galindo Barrueto Barroilhet & Cia, ("Bertrand-Galindo") a firm headquartered in Santiago, Chile to conduct a due diligence review of Trento's interests in Trento SpA and the related mining concessions, operations, land easements, permits and assets related to the Trento project.
On March 24, 2022, Vanor Capital Resources Limited (“Vanor Capital”), the underwriter of a $350,000,000 bond offering for Trento SpA, entered into a memorandum of understanding with Style Age, Inc., a U.S. corporation with offices in Miami, FL and Dubai, UAE, (“SAI”), pursuant to which the parties are engaging in discussions to enter into a definitive agreement for the purchase by SAI of the entire $350,000,000 bond offering.
Global Tech Industries Group is looking to expand their Board of Directors. If you feel that you have the qualifications and business background to sit on a Publicly Traded company's Board of Directors, please send your resume to info@ gtii-us.com