Paragonx Holdings Inc. Announces MOU with Riverbed Resources for 50% Stake in Micro-Grid Projects

Reuters
2025/06/13
Paragonx Holdings Inc. Announces MOU with Riverbed Resources for 50% Stake in Micro-Grid Projects

TULSA, OKLAHOMA / June 13, 2025 / CAVU Resources, Inc. (OTC:CAVR) announced it has entered into a Memorandum of Understanding (MOU) with Riverbed Resources LLC to acquire a 50% membership interest in a privately held, vertically integrated micro-grid developer. The partnership aims to leverage existing gas reserves and further develop recoverable gas from previously drilled wells. Through cogeneration, the natural gas will be converted into electricity, enabling multi-megawatt generation. Upon completion of the transaction, CAVU will control approximately 0.5 BCF of high BTU gas for electricity conversion. The transaction is subject to satisfactory due diligence, securing acceptable financing, and execution of definitive agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paragonx Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1039253) on June 13, 2025, and is solely responsible for the information contained therein.

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