M Line Holdings, Inc. completed the acquisition of 38.3 acres of land, including three restaurants and an event arena.
February 04, 2019
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M Line Holdings, Inc. (OTCPK:MLHC) signed a Letter of Intent to acquire 38.3 acres of land, including three restaurants and an event arena on December 6, 2018. The transaction includes 37.7 acres of land in Golden Valley located at 3743 US Highway 93, Golden Valley, Arizona, 86413 and 0.6 acres of land in Dolan Springs, Arizona, one operating restaurant and event center in Golden Valley and two operating restaurants in Dolan Springs, Arizona. The transaction expected to complete in next few days.
M Line Holdings, Inc. (OTCPK:MLHC) completed the acquisition of 38.3 acres of land, including three restaurants and an event arena on February 5, 2019. Under the terms of agreement, M Line Holdings paid preferred stock that converts to 189 million shares of common stock that cannot be converted for one year plus $0.6 million cash paid over six months.
M Line Holdings, Inc. is a holding company. The Company is focused on the beverage branding and distribution industry, the food and beverage distributing business, coal industry, the aerospace industry and business financing. Its subsidiaries include Best Choice Food and Beverage, LLC, a food and beverage distributing company; M Line Coal Development, Inc., which intends to acquire permits for the mining and distribution of coal out of mines located in Kentucky; M Line Transportation, Inc., which is formed to manage the transportation of mined coal to its distribution points; Precision Aerospace & Technologies, Inc., which manufactures precision metal component parts and assemblies; and M Line Machinery Funding, Inc., which provides advice and support in raising new capital, management support in relation to financial control and management of the business.
M LINE HOLDINGS, INC. 