AGR Tools, Inc. (OTC:AGRT) has announced that AGR Stone & Tools USA, Inc., has entered into a binding share exchange agreement. The agreement will result in an expansion of the company’s distribution network to Northern Ontario, Canada. The company’s entry into Ontario will prove to be instrumental in its expansion objectives outlined for 2009 and 2010.
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Formerly Laburnum Ventures, Inc., AGR Tools is engaged in the acquisition and exploration of mineral properties. The company owns 100% interest in the Sum Mineral Claim in the Province of British Columbia, Canada as of October 31, 2008. The company has not generated any revenue from the property yet.
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