Transnational Group Signs Agreement to Acquire Property for ‘Tranquil Waters’ Project in San Joaquin Valley, CA

LAS VEGAS, Sep 23, 2014 (GLOBE NEWSWIRE via COMTEX) Transnational Group, Inc. (Pink Sheets:TAMG) today announced that it has entered into an agreement to purchase a 155-acre property located in California s San Joaquin Valley for the purpose of developing water rights on the property that will be used to develop the Company s Tranquil Waters project. An escrow has been opened on the purchase agreement, which is due to close in 120 days. During this time, Transnational Group will apply for all necessary drilling and well permits as well as approval from the local government to sell water recovered from the property. Upon the agreement s finalization and closing of escrow, which is contingent on the receipt of these permits and approvals, Transnational Group expects to drill a total of four wells on the property. Dr. Philip Dutoit, the Company s CEO, commented, The opening of escrow is the Company s first step in developing the Tranquil Waters project, which we believe will be a very su
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