Norcorom Receives Letter of Intent for Texas Refinery

American International Industries (AMIN) has announced its intent to acquire Norcorom Industies Srl (Norcorom) in a cash-for-stock deal subject to due diligence and terms of the Letter of Intent. In a press release dated July 6, AMIN relayed that its subsidiary, American International Refineries, Inc., has entered into a Letter of Intent to purchase all outstanding shares of privately held Norcorom, thereby becoming owner of the refinery and its assets in the Houston region.