Freestone Resources, Inc (OTCMKTS:FSNR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
On March 31, 2019, Paul Babb resigned as Chief Financial Officer of Freestone Resources, Inc. (the “Company”) and as a member of the Company’s Board of Directors to be effective on the date of his resignation.
About Freestone Resources, Inc (OTCMKTS:FSNR)
Freestone Resources, Inc. is an oil and gas technology development company. The Company is engaged in developing and marketing technologies and solvents designed for various sectors in the oil and gas industry. Its products and services include Off-The-Road (OTR) Tire Services and Petrozene. Its Petrozene is used to dissolve paraffin buildup, and it is used for pipelines, oil storage tanks, oil sludge build up, de-emulsification, well treatment, as a corrosion inhibitor and as a catalyst in opening up formations thereby aiding in oil production. Its subsidiaries include C.C. Crawford Retreading Company, Inc. (CTR) and Freestone Dynamis Energy Products, LLC (FDEP). CTR is an OTR tire company. Its primary business is to repair, recycle, dispose of and sell OTR tires, which are used in industrial equipment. It provides services to various international OTR tire dealers. FDEP operates and manages the specialized pyrolysis process that is used to create Petrozene and other byproducts.
