All American Energy Holding, Inc. (OTC Pink: AAEH) is engaged as an energy company, which primarily focuses on propane. Shares of the energy company are jumping 57.89%, through early trading on Thursday, August 31, 2017. Over the past month, All American Energy Holding, Inc. has seen average daily volume of 136,512 shares. However, volume of 2.3 million shares or dollar volume of $69,000, has already exchanged hands on Thursday.
Shares of All American Energy Holding, Inc. are rallying today, after the company filed an 8-K form, detailing of entering into a Letter of Intent to acquire a lithium property within the United States. The deal is subject to due diligence and final approval. In addition, the company has announced it has entered into a consulting agreement with Christopher Vallos to be the Chairman and CEO of the company. Here is part of the 8-K detailing of the definitive agreements:
All American Energy Holding, Inc. Press Release:
Item 1.01. Entry Into Material Definitive Agreement.
On August 29, 2017, the Company entered into an LOI for 30 days to conduct further due diligence on a Lithium Property in the Western United States.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 2nd 2017, the Company has entered into a Consulting Agreement with Mr. Christopher P. Vallos, to serve as its President, Chief Executive Officer (“CEO”) and Chairman of the Board of Directors, effective May 2, 2017.
Since 2014, Mr. Vallos has been on the Board of Directors at Gold Lakes Corp. and was previously employed as Director-Finance & Marketing by NYC Marketing, Inc., and an Product Manager by STERIS Corp.
Per the Consulting Agreement, Mr. Vallos will receive a monthly compensation of $3,000 beginning on July 1, 2017.
Here is the link to the full 8-K form: http://www.otcmarkets.com/financialReportViewer?symbol=AAEH&id=178271