Forwardly, Inc. Makes Investment in Maverick Energy Group, Inc.

Rhea-AI Summary

Forwardly, Inc. (OTCMKT: FORW) announced a strategic investment of $200,000 in Maverick Energy Group, Inc. (OTCMKT: MKGP) through a one-year fixed-rate convertible loan at an APR of 15%. The loan can be converted into Maverick shares at $.20/share, with an additional warrant option for two million shares at $.35/share within two years. CEO George Sharp emphasized the investment's low-risk profile and potential returns, leveraging Maverick's new drilling technology to enhance production in Texas and Oklahoma.

Positive

• Strategic investment of $200,000 in Maverick Energy Group.
• Convertible loan with a low conversion price of $.20/share offers potential upside.
• Warrant option for two million shares strengthens investment position.

Negative

• Investment risk associated with Maverick's reliance on new technology.
• Potential uncertainties in Maverick's future funding and operational execution.

Boulder City, NV, April 15, 2021 (GLOBE NEWSWIRE) -- George Sharp, President and CEO of Forwardly, Inc. (OTCMKT: FORW), announced today that the company has made a strategic investment in Maverick Energy Group, Inc. (OTCMKT: MKGP).

The investment comes as a one year fixed rate convertible loan to Maverick in the amount of $200,000 at an APR of 15%. At Forwardly’s option, the principal and interest may convert into Maverick common shares at $.20/share. The loan agreement also provides Forwardly with a warrant enabling the company to purchase up to two million additional shares of Maverick at $.35/share within two years.

Mr. Sharp commented, “The vast array of drilling projects that were made available to Maverick because of its acquisition of a license to use URS Drilling’s horizontal drilling technology, made the opportunity to provide funding attractive to Forwardly. Jim McCabe and his talented team appear ready to take Texas and Oklahoma by storm this year and we were glad to provide a leg-up while Maverick awaits the rest of its funding.”

Mr. Sharp continued, “The kicker for us was the ability to acquire the warrants which could not only be a source of continued funding for Maverick but makes us a low risk investor. The incredible success of our past warrant acquisitions has given Forwardly an incredible appetite for opportunities such as this.

George Sharp also acts as an advisor to Maverick Energy Group and Forwardly’s investment is a portion of a larger funding package assembled by him.

About Maverick Energy Group

Maverick Energy Group LTD is a crude oil and natural gas acquisition, production, exploration, and horizontal drilling development company focusing on select areas of North America. Maverick's access to patented and proprietary horizontal production enhancement technologies facilitates the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties.

Company Website: www.maverickeg.com

About Forwardly, Inc.

Forwardly is an opportunity investor seeking to finance fresh ideas. The company is headed by George Sharp, a longtime whistleblower, advocate against microcap fraud, and defender of shareholder rights. In addition to his continued participation in these activities, Mr. Sharp consults to public companies, attorneys and those associated with the financial markets. He is also a former consultant to OTC Markets Group, Inc. Further information about Forwardly, Inc. can be obtained through its website at www.ForwardlyPlaced.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.

CONTACT:
Forwardly, Inc.
3535 Executive Terminal Drive
Suite 110
Henderson, NV 89052
702-840-4433

FAQ

What is Forwardly's recent investment amount in Maverick Energy Group?

Forwardly has made a strategic investment of $200,000 in Maverick Energy Group.

What is the interest rate for Forwardly's loan to Maverick Energy Group?

The loan from Forwardly to Maverick has an annual percentage rate (APR) of 15%.

What are the conversion terms for Forwardly's loan to Maverick?

The loan can be converted into Maverick common shares at a price of $.20/share.

How many additional shares can Forwardly purchase through warrants?

Forwardly has a warrant to purchase up to two million additional shares of Maverick at $.35/share.

What are the strategic benefits of Forwardly's investment in Maverick?

The investment supports Maverick's use of advanced drilling technology, enhancing production potential in Texas and Oklahoma.