American Clean Resources Group Inc. announced that it will permanently reduce its issued and outstanding common stock by retiring 1,470,000 shares. This follows an agreement with Launch It LLC to rescind a prior transaction relating to SWIS LLC. As part of the agreement, Launch It LLC will return the shares to American Clean Resources Group Inc., and in exchange, the company will transfer 100% of the equity interests in SWIS LLC to Launch It LLC. Both parties have executed mutual releases of all claims and obligations related to the prior agreements.
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