Turner Valley Oil and Gas Inc. (OTC: TVOG), pending name change to Turner Venture Group Inc., has appointed Rick Adams as the company's new CFO.
Adams has been the managing director at Bullfrog Capital from 2002 to 2017. He has also accumulated experience in business development, accounting, contract negotiation, regulatory compliance, and financial analysis. From 2014 to 2015, Adams served as CFO of Applied Executive Solutions & Omega 6, a government security contractor with the US Army. From 2012 to 2014 he served as general manager of Innovative Energy Services Inc. From 1998 to 2002, he served as senior director of Aquila Energy Corp., an energy capital fund.
On April 20, 2017, The company announced the execution of an exclusive engagement with Network 1 Financial Securities Inc. to raise $25,000,000 through a Preferred share offering. The capital placement is progressing as expected and the two parties expect a closing soon.
Turner Valley Oil and Gas Inc. is a business holding company, with a historical focus on energy related holdings. The company's acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the shipping, real assets, energy, infrastructure, enterprise technology, and manufacturing segments.