Fox acquires Resource Polymer’s assets

Fox Petroleum Inc. has finalized its purchase of the recycling assets associated with Resource Polymers Inc. of Hamilton, Ontario Canada.

The acquisition was completed by a share exchange agreement in the summer of 2010 but closed in April after final receipt of the companies PCAOB audit. The company exchanged 1,750,000 shares of restricted common stock and assumed the debts of Ontario Inc. when the transaction was announced.

In addition to its plastics recycling operations Fox Petroleum is actively seeking partnerships and joint ventures across a variety of oil and natural gas projects located within North America including the Fayetteville shale.