Great Rock Development Signs LOI to Acquire Pioneering Autonomous Robotics Company
The target company brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.
TORONTO, September 15, 2015 --
Great Rock Development Corp (OTC: GROC) is pleased to announce the signing of a Letter of Intent to acquire an autonomous robotics company.
The target company brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.
The parties have been undergoing extensive due diligence and hope to finalize the transaction in the next few weeks. Both parties are operating under a non disclosure agreement until such time as the binding agreement is executed.
Further Stock cancellation
Strengthening our balance sheet and corporate structure further, Great Rock expects to cancel an additional 40,000,000 common shares in the next week. The cancellation will bring the issued and outstanding stock to less than 88,000,000 shares pre acquisition.
Management looks forward to sharing more information on our progress.
To be added to the Great Rock mailing list email contact@GreatRockDev.com with GROC in the subject.
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
http://www.GreatRockDev.com
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