03:28 PM EST - Hillcrest Resources Ltd. : announced that the Company has signed a letter of intent to acquire the Texas domiciled subsidiary of an international oil and gas company. The acquisition includes all assets, property and commitments of SubCo. as well as its production revenues from its operating oil wells, which are currently producing an average of 270 gross barrels of oil equivalent per day. Gross annual revenue of SubCo. for the 12 months ending December 31, 2014 is anticipated to be over $5,000,000 U.S. Hillcrest Resources Ltd.
shares V.HRH are trading up $0.005 at $0.06.
