Thursday, December 30, 2010

Sino Gas International Holdings and its BVI subsidiary signed agreement with AMP Capital Asian Giants Infrastructure Fund

Sino Gas International Holdings, Inc. has entered into a Subscription Agreement by and among the company Sino Gas Construction Limited, a wholly-owned subsidiary of the company registered in the British Virgin Islands, and AMP Capital Asian Giants Infrastructure Fund (AGIF). In connection with this transaction, Sino Gas International Holdings signed the shareholders agreement with the BVI-incorporated Sino Gas Construction Limited and AGIF.

Under the terms of the shareholders agreement between the parties, they will manage and control the BVI subsidiary and its investment in Qujing City Fuel Gas Co., Limited. The purpose of this agreement is to facilitate the development and expansion of the business operated by Qujing Gas in accordance with the business plan, and to pursue gas distribution opportunities in other large and medium-sized cities in Yunnan Province, China.

Sino Gas International Holdings, Inc., through its indirectly wholly-owned subsidiary, Beijing Zhong Ran Wei Ye Gas Co., and the subsidiaries of Beijing Gas, is a leading developer of natural gas distribution systems in small and medium size cities in China. The company owns and operates natural gas distribution systems in Beijing, Hebei, Jilin, Jiangsu, Anhui and Yunnan Provinces of China.

Sunday, December 26, 2010

BVI company to complete previously announced acquisition

British Virgin Islands-registered company White Tiger Gold Ltd. (formerly, SL Resources Inc.) has announced the completion of its previously announced acquisition of four wholly-owned subsidiaries of LLC UK Dalsvetmet, being Ildikangold, Dalsvetmet, LLC Koryakming and Vostokzvetmet, and the entire 80% interest of DZM in a fifth subsidiary, LLZ Geozvetmet in exchange for the issuance of 85,000,000 common shares of the company to DZM. The acquisition, which is made through the wholly-owned Cyprus subsidiary of the BVI company, Diascia Investments Limited, is accounted for as a reverse takeover.

White Tiger Gold will carry on the business of the four companies purchased, which consists of the acquisition, exploration, development and mining of mineral properties in Russia. In addition, White Tiger Gold will continue its exploration activities on its other properties and licence areas with a view to discovering economically viable production sites. The Company will also actively seek, evaluate and acquire interests in other projects or business opportunities in the mineral exploration industry that are indicated to have substantial potential.

Saturday, December 18, 2010

CIC Energy to merge with JSW Energy Natural Resources (BVI) Limited

The British Virgin Islands-registered company CIC Energy Corp. has entered into binding agreement with the India-based power company JSW Energy Limited.

Under the terms of the agreement, the transaction, which has been approved by the respective boards of directors of JSW and CIC Energy, was to be structured as a take-over bid, but according to supplementary agreement signed on December 16, 2010, the legal structure of completing the proposed acquisition has been changed to a merger.

CIC Energy agreed to support a merger of CIC Energy with JSW Energy Natural Resources (BVI) Limited, a wholly owned subsidiary of JSW, with JSW (BVI) being the surviving entity as a result of the merger.

Upon the completion of the merger, the shareholders of the outstanding shares of the BVI company, including any shares pursuant to the exercise of outstanding options, will receive CDN$7.42 per share.

The offer of JSW represents a premium of 203% to the volume weighted average trading price for CIC Energy's shares on the TSX for the 30-trading day period ending September 14, 2010 – the day prior to the announcement of the first proposal received by the BVI company with respect to its acquisition. It represents a premium of 159% to the closing price of CIC Energy’s shares on the same date.

By this offer, the total equity of CIC Energy is valued at approximately CDN$422 million on 56.8 million shares. The Board of Directors of the company has determined to recommend acceptance of the offer by CIC Energy shareholders.

The Merger is expected to close no later than February 28, 2011.

Monday, December 13, 2010

GlaxoSmithKline to acquire Chinese unit of BVI-registered company

GlaxoSmithKline P.L.C., a pharmaceutical company headquartered in the UK with operations based in the US, mainly in the Philadelphia area, announced about its plans to purchase the Chinese company Nanjing MeiRui Pharma Co. Ltd., for about US$70 million in cash. The acquisition transaction is expected to close by the end of 2010.

MeiRui is the Chinese unit of privately owned British Virgin Islands-incorporated company Pagoda Pharma Group Inc. The company has a manufacturing site in Jiangsu Province.

By this deal, international pharmaceutical company is planning to increase its presence in China and gain access to MeiRui's portfolio of urology and allergy products.

Monday, December 6, 2010

BVI company purchases 19.7% common stock of South American Silver Corp.

British Virgin Islands-registered company Zamin Precious Minerals Limited announced that it purchased 18,900,000 common shares of South American Silver Corp. (SAC), mineral exploration company focused on making operations in Bolivia and Chile. This amount represents approximately 19.7% of the issued and outstanding shares of SAC.

18,300,000 common shares of SAC are purchased by Zamin pursuant to a subscription agreement on 7 November 2010. Subsequently the BVI company agreed to increase the common shares of SAC to be purchased to 18,900,000, pursuant to restated subscription agreement signed between the parties on 30 November, 2010.

Share purchase by Zamin is part of a private placement offering of 27,499,378 common shares of South American Silver, which closed on 30 November, 2010. The common shares of SAC acquired by the BVI company were issued at a price of C$1.16 per share, for a total consideration of C$21,924,000.

As part of the Offering, Zamin acquired control and direction of the common shares issued to Zamin for investment purposes.

Monday, November 29, 2010

AlphaRx and its BVI-incorporated subsidiary to merge with Pacific Orient Capital Inc.

Specialty pharmaceutical company AlphaRx, Inc., announced that under the terms of expansive structural growth, it entered into an agreement for the acquisition of Pacific Orient Capital Inc. which is expected to subsequently merge with wholly-owned subsidiary of the company, AlphaRx Canada Limited.

After completion of the acquisition, the entity will change its name to Pacific Orient BioPharma Group. The company intends to become a notable specialty pharmaceutical company that focuses on the development, marketing and distribution of pharmaceuticals and medical products for China and other emerging markets.

Also, AlphaRx, Inc. will conduct a private placement of Pacific Orient BioPharma Group's shares at a price of US$0.40 per share, for a maximum value of C$1.5 million dollars.

Upon completion of the merger and private placement, Pacific Orient BioPharma Group will have 14,000,000 million shares outstanding of which 8,250,000 shares will be owned by AlphaRx International Holdings Limited, a company incorporated in the British Virgin Islands. The BVI company is 80%-owned by AlphaRx Inc. and 20%-owned by Ruby Hui, the proposed President, CEO and director of Pacific Orient BioPharma Group.

Pacific Orient Capital Inc. is a shell company, which had not started any commercial operations prior to the completion of the merger with AlphaRx Canada Limited, and does not have any assets other than cash. The completion of the merger is expected to take place on or about December 15, 2010.

Tuesday, November 23, 2010

Alloy Capital entered into Share Exchange Agreement with BVI company and its sole shareholder

Canada-based company Alloy Capital Corp. has entered into a Share Exchange Agreement dated as of October 16, 2010, with the British Virgin Islands-registered company Lancaster Exploration Limited and its sole shareholder Leo Mining and Exploration Limited (Leominex). The agreement is with respect to a proposed acquisition of all of the issued and outstanding shares of the BVI company from Leominex, for an aggregate purchase price of US$9,926,449.50.

By terms of the Share Exchange Agreement, the Purchase Price shall be satisfied by the issuance of 19,852,899 common shares of Alloy at a deemed price of US$0.50 per Common Share to Leominex after a consolidation of the shares on a 2.5 for one basis. Upon completion of the acquisition, Alloy will change its name to Mkango Resources Ltd.

As a result of the acquisition transaction, BVI company will be a wholly-owned subsidiary of the Resulting Issuer and Leominex will be an Insider of the Resulting Issuer.

The acquisition will constitute a reverse takeover by Lancaster of Alloy as the former shareholder of the BVI company will own up to 49.9% of the outstanding common shares on a fully diluted basis and 62.3% on a non-diluted basis. One of the conditions for completion of the acquisition is the completion of the brokered private placement financing of Alloy for the sale of a minimum of 10,000,000 units in the capital of the company at a minimum price of US$0.50 per unit, for gross proceeds of not less than US$5,000,000. Each Unit will consist of one Common Share and one-half of one common share purchase warrant of Alloy. The net proceeds from the Financing will be used to fund exploration and development activities on Lancaster's Songwe Hill project and for general corporate purposes.

Of the five member board of directors of the Resulting Issuer, two members will be designees of Lancaster, and another two board members shall be joint nominees of Lancaster and Alloy.

The acquisition is not a Non-Arm's Length Qualifying Transaction and as such will not require Shareholder approval.

Tuesday, November 16, 2010

China Technology entered into agreement with Linsun Renewable Energy Corporation

China Technology Development Group Corporation (CTDC) made an announcement that it has entered into a Stock Purchase Agreement with China-based solar modules manufacturer Linsun Renewable Energy Corporation Limited (LSP) and its shareholders, Goldpoly Company Limited and Mr. Liao Lin-Hsiang. The purpose of the agreement is the acquisition by the BVI company of 100% equity interest in LSR and its wholly owned subsidiaryLinsun Power Technology (Quanzhou) Corp. Ltd., at a consideration of US$3.2 million. This sum is payable in shares of CTDC's common stock at a price of US$3.01 per share. Upon completion, LSP will become a wholly-owned subsidiary of CTDC.

Linsun Renewable Energy Corporation Limited is a crystalline photovoltaic modules manufacturer. PV modules have been accredited with TUV certificate and exported to European markets, including Germany, Italy and Czech Republic, etc.

By words of Mr. Alan Li, Chairman and CEO of CTDC, the acquisition will help the company to form a close relationship with PV cells supplier Goldpoly Company Limited, and to ensure sufficient supply of raw material.

Wednesday, November 10, 2010

Polo Resources Limited signed for acquisition of 70 percent in BVI company

Polo Resources Limited, an international coal mining and exploration group incorporated in BVI, announced the signing of an Option Deed under which it is granted an option to acquire approximately 70 per cent of the issued share capital of MinFer Holdings Limited. MinFer, a British Virgin Islands-registered company, together with its wholly-owned subsidiary MinFer Do Brazil Mineracao Ltda, is engaged in the acquisition and exploration of iron ore projects in Brazil. MinFer's subsidiary is the holder of options to acquire a number of interests in iron ore projects in Brazil.

The option has been granted by MinFer and shareholders representing 70 percent of the issued shares of MinFer, and is granted in consideration of Polo funding an agreed work program up to a maximum non-refundable sum of US$1,000,000.

The Option is exercisable within 90 days including the date of the Option Deed. If exercised, the consideration payable by the BVI company to the MinFer shareholders to acquire all of the Option shares is up to US$20,000,000. These consideration shares will be subject to a lock in for 12 months from their date of issue. The decision to exercise the Option will be classed as a related party transaction under AIM Rule 13.

Saturday, October 30, 2010

BVI-based China Technology announced termination of agreement with CTSP Group

British Virgin Islands-registered China Technology Development Group Corporation, engaged in the solar energy business in PRC to provide solar energy products and solutions, entered into an agreement with China Technology Solar Power Holdings Limited (CTSP) and its shareholders regarding the termination of its acquisition by the BVI company. Also, CTDC signed the letter of intent to continue strategic cooperation with CTSP in large scale on-grid farm projects.

China Technology Development Group entered into Stock Purchase Agreement with CTSP in October 2009, to acquire 51% equity interests of CTSP to jointly develop a 100 megawatt on-grid solar farm project located in Qinghai Province, China. According the announcement of the BVI company, it is difficult to determine the fair value of the "Delingha 100 MW on-grid solar farm project", given the Chinese government has not determined the specific subsidies and incentives for on-grid solar energy applications for Qinghai Province. For this reason, the parties have achieved mutual agreement not to proceed with the acquisition.

Mr. Alan Li, Chairman and CEO of CTDC, said that both companies will benefit from strategic cooperation in respect of designing of and research on the grid-connected solar plant. He also said that CTDC is committed to developing solar power application markets in China, Europe and the United States and to becoming a reputable solar energy application solutions provider worldwide.

Friday, October 22, 2010

Novorossiysk Commercial Sea Port called Board of Directors Meeting to Consider PTP Acquisition

PJSC Novorossiysk Commercial Sea Port (NCSP) has called a meeting of its board of directors in order to consider convening an extraordinary meeting of shareholders to approve the terms of the proposed acquisition by NCSP of 100% of the participatory interests in Primorsk Trade Port LLC from Omirico Limited, which is the only shareholder of PTP (the “Primorsk Acquisition”). Omirico, a company incorporated under the laws of the Republic of Cyprus, is jointly controlled by JSC Transneft and by companies owned or controlled by Russian businessman Mr. Ziyavudin Magomedov.

The board of directors of NCSP is also to consider bank debt financing which it proposes to obtain in order to fund a portion of the purchase price payable for the Primorsk acquisition. Each of the Primorsk acquisition and the bank financing is mutually conditional on the other. It is a condition to the Transaction that Kadina Limited will sell to Omirico 100% of the issued shares of Novoport Holding Ltd., which holds 50.1% of the shares of NCSP. Both Kadina Limited and Novoport Holding Ltd. are incorporated in the British Virgin Islands and controlled by the current controlling beneficial shareholders of NCSP. If completed, the transaction would provide for the change of control of NCSP.

The board of directors of NCSP will also make a formal determination of the cash amount of the purchase price for the Primorsk Acquisition. The purchase price for the Primorsk Acquisition to be considered by NCSP's Board of Directors has been set by the independent appraiser at US$2.153 billion, assuming net debt of PTP of not greater than RUR 10.94 billion.

The Primorsk Acquisition (PTP) is an operator at the Port of Primorsk located on the Baltic Sea to the northwest of St. Petersburg. It is Russia's largest oil port, handling approximately 30% of Russia's oil exports and approximately 37% of oil exported via Russian seaports. The acquisition of PTP will be a transformational transaction for NCSP and, once completed, it will allow NCSP to significantly increase the scale of its operations, diversify its geographic presence, reduce the volatility of cargo volumes and gain access to new transport routes.

Friday, October 15, 2010

CIC Energy enters into negotiations in respect of takeover proposal

British Virgin Islands-registered company CIC Energy Corp. made an announcement that it has agreed to enter into negotiations in respect of a proposal to acquire at least 51% and up to 100% of company's common shares, issued and outstanding, at a non-binding price of CDN$7.75 per share.

The non-binding takeover proposal was last month received by the BVI company from a multi-billion dollar conglomerate. The transaction would represent an approximate 170% premium to CIC Energy's unaffected closing price of CDN$2.87 on September 14, 2010.

CIC Energy has granted to the potential purchaser exclusivity to permit the completion of due diligence and the negotiation of a definitive binding acquisition agreement.

The company engaged Deutsche Bank Securities Inc. as its financial advisor to the Special Committee of the board of directors to assist in the assessment and negotiation of this transaction.

The BVI company did not give any assurances that it will enter into a definitive binding acquisition agreement with respect to the non-binding proposal.

Monday, October 11, 2010

Fortis Global Healthcare acquires BVI and HK subsidiaries of Hong Kong-listed healthcare company

Fortis Global Healthcare Holdings Pte Ltd. has agreed to acquire healthcare businesses of Quality Healthcare Asia Limited. Fortis Global Healthcare will acquire 5 subsidiaries of Hong Kong-listed Quality Healthcare, including British Virgin Islands-registered companies Quality HealthCare Limited and Quality HealthCare Services Limited, and Hong Kong-registered companies Quality HealthCare Medical Holdings Limited, Quality HealthCare Medical Services and Portex Limited.

Quality Healthcare Asia is the largest private integrated healthcare service platform in Hong Kong, providing medical services and allied health services. Company's businesses acquired by Fortis Global Healthcare include a network of over 60 wholly-owned medical centres, over 500 affiliated clinics, over 40 dental and physiotherapy centres and a private nursing agency.

By words of the owners of Fortis Global Healthcare Malvinder Mohan Singh and Shivinder Mohan Singh, “Quality Healthcare is a premier healthcare brand in Hong Kong. It is also Hong Kong's leading private healthcare provider.” They also said that this acquisition is an important step in creating a premier pan-Asian healthcare business.

Saturday, October 2, 2010

IJM Corp Bhd sells its stake in BVI-registered joint venture

IJM Corp Bhd announced that it has sold its 30 per cent stake in the British Virgin Islands-incorporated company Don Sahong Power Co Ltd (DSPC) to Mega First Corp Bhd for RM4.15 million. DSPC was a 30:70 joint venture company between IJM and Mega First to develop and operate the Don Sahong hydroelectric project in Laos.

According to the statement of IJM Corp Bhd, the company will get RM994,449 from the disposal. It was said that the consideration was arrived at on a willing-buyer-willing-seller basis after taking into account the time spent and cost incurred by it since 2008 in the project.

Wednesday, September 29, 2010

BVI holding company provides update to its arrangement with Afren plc

British Virgin Islands-domiciled exploration company Black Marlin Energy Holdings Limited has announced that on September 21, 2010 it received the approval of the majority of Afren shareholders for the proposed acquisition of Black Marlin by Afren. Earlier this year, the BVI holding entered into a definitive agreement with Afren plc, providing for this acquisition. Upon completion of the arrangement, Black Marlin is to become a wholly-owned subsidiary of Afren, pursuant to a scheme of arrangement under the law of the British Virgin Islands.

Black Marlin also provided an update to the Arrangement to the shareholders of the BVI company.

The final court hearing to approve the arrangement is expected to be held on October 6, 2010, and the arrangement is expected to take effect from October 8, 2010. On the effective date, the shares of the Black Marlin Energy will be delisted from the TSXV. In addition, Black Marlin intends to close the register of shareholders maintained by Olympia Trust Company after close of business on the business day prior to the effective date.

Wednesday, September 22, 2010

BVI-registered company acquires 9.7 percent of Bank of Cyprus

On September 21, Bank of Cyprus announced that British Virgin Islands-registered company Odella Resources had raised its stake in the bank to 9.7 percent, by acquiring shares from the bank's employee pension funds and on the market. The BVI company had acquired 7.50 percent of the bank at 4.90 euro per share from the bank's employee pension funds, and the rest amount of shares on the Athens and Cyprus stock exchanges at an average price of 4.07 euro per share.

According to the statement of the Bank of Cyprus, BVI-registered Odella Resources is owned by a Cypriot trust with foreign interests. The new shareholders who have no other banking-related interest have expressed their confidence in the prospects of the bank, which is actually the largest in Cyprus, with presence in Greece and expanding presence in eastern Europe and Russia.

After Tuesday's transaction with Odella Resources, the bank's employee provident funds had reduced their shareholding from 7.6 percent to 0.1 percent.

The Bank of Cyprus also had been notified the pension funds have also entered into an agreement to sell 29,400,000 nil-paid rights to Odella Resources at an average price of 0.8286 euro per right, which corresponds to 8,400,000 new shares upon their exercise.

Wednesday, September 15, 2010

CIC Energy receives takeover proposal from Indian company

CIC Energy Corp., a British Virgin Islands-registered company engaged in the exploration, development and operation of coal properties in Southern Africa, and trading on the stock exchanges of Toronto and Botswana, announced that it has received a takeover bid from an unidentified Indian conglomerate. In the takeover proposal, the Indian company offered an “indicative price of US$8.50 per share” for each of BVI company's shares, and with almost 52.6 million shares of CIC Energy this would make US$447 million. This is almost three times higher than the market value of the BVI company, which is around US$166.4 million by this day.

It is said in the press-release of CIC Energy that, along with the other terms and conditions of the proposal, the price will be subject to negotiation and may change. The committee of independent directors is formed to evaluate the proposal.

According to CIC Energy, the unidentified Indian conglomerate, as well as the BVI company, has interests in coal mining and power generation.

Monday, September 6, 2010

China Mobile Communications to invest US$7.0m in BVI company

Taiwan-based mobile telecommunications company Far EasTone Telecommunications (FET) announced that it will invest US$7.0 million in British Virgin Islands-registered company Yuan Dong Technology, through its wholly-owned subsidiary FarEastern New Diligent Company also based in BVI.

The purpose of the investment is to acquire 55% stake in FarEastern New Century Information Technology (Beijing), which is wholly-owned subsidiary of Yuan Dong. FarEastern New Century Information Technology is a China-based developer of software and provider of IT system integration services, and this investment of Far EasTone Telecommunications is the first step of the telecom carrier to enter the Chinese market. FarEastern New Century will step into production of digital content in line with FET's cooperation with China Mobile Communications to provide value-added services for customers of China Mobile.

Monday, August 30, 2010

Columbus Energy sold its 5% stake in BVI-registered Columbus Oil and Gas

Canada-based company Columbus Energy Limited entered into agreement according to which it sells its interest in British Virgin Islands-registered company Columbus Oil and Gas to Robert Charles Laslett, for a cash payment of US$42,500 and US$2,975,000 in royalty payments. The transaction is subject to regulatory approval.

Columbus Energy Limited was the owner of 5% interest in Columbus Oil and Gas, which was purchased in July 2007 for cash payment of US$1,100,000, and Mr. Laslett is the majority shareholder in the BVI company. Columbus Oil and Gas (BVI) has a 100% interest in Columbus (Tunisia) Oil and Gas, Inc. incorporated under the Tunisia law.

Monday, August 23, 2010

SinoCoking's subsidiary enters into agreement with two mining companies in Henan Province

SinoCoking Coal and Coke Chemical Industries, Inc., coal and coke processor in central China, making its operations through its British Virgin Islands-registered subsidiary Top Favour Limited, announced that its subsidiary Pingdingshan Hongli Coal & Coke Co., Ltd. entered into materially definitive agrement to acquire 60 per cent of equity interest of mining companies Baofeng Shuangrui Coal Co., Ltd. and Baofeng Xingsheng Coal Co., Ltd. The coalmines operated by these companies are located in Baofeng County, Henan Province. Total consideration of agreements is approximately US$12.4 million.

Under the terms of the agreements, SinoCoking Coal's subsidiary will pay the owners of each company an aggregate purchase price of US$6.2 million in cash, of which approximately US$1.5 million was a refundable deposit to examine the financials, licenses, and reserve data. Pingdingshan Hongli will keep current management and staff of both mining companies, and does not have plans to expand their production capacity, which eliminates the need for additional capital expenditures. The company will evaluate purchasing the remaining 40% minority interests in the future.

Mr. Jianhua Lv, Chairman and CEO of SinoCoking and the owner of Pingdingshan Hongli, said that the company is planning to continue to leverage its status as a coalmine consolidator in Henan Province, and expects to announce additional acquisitions in the quarter ending December 31, 2010.

Saturday, August 14, 2010

GMR Energy Limited raises its holding in Homeland through the Rights Offering

BVI-registered Homeland Energy Group Ltd., a coal producer focused on exploration and development in South Africa, concluded its Rights Offering which was announced in June 2010. The company issued a total of 169,088,393 common shares for total proceeds of $8,454,419.65.
BVI company's largest shareholder, GMR Energy Limited, acquired total amount of 159,862,800 common shares. As a result of this transaction, GMR became the holder of 263,119,895 common shares of Homeland Energy, which represent approximately 55.84% of its common shares. GMR's subsidiary Crossridge Investments Limited owns and controls 30,096,012 common shares of the company. So, after the transaction both GMR and Crossridge hold an aggregate amount of 293,215,907 common shares of Homeland Energy, which represent 62.22% of its common shares.
According to the press release, GMR has acquired the shares for long term investment purposes, and currently does not intend to acquire ownership or control of any additional shares of the BVI company.
The proceeds of the Rights Offering will be used to repay the $7,993,140 loan made by GMR's subsidiary, and for general working capital.

Friday, August 6, 2010

KCC Capital exploration enters into LOI with BVI company

Canada-based capital pool company KCC Capital Corporation, incorporated on August 2, 2007 and publicly listed on January 31, 2008, entered into a letter of intent with British Virgin Islands-registered company Feng Prosperous International Limited. KCC Capital's Qualifying Transaction relates to the acquisition of a private Chinese company Shenyang Lufeng Foodstuff Co., Ltd. (through its holding company), a private HK-based company Lufeng Development Limited, and its holding company - British Virgin Islands private company Lufeng International Limited.

Lufeng companies are working in the Chinese food industry, and are principally engaged in raising, slaughtering and processing of beef cattle, as well as the production, sale, marketing, distribution and export of beef products, mainly in the city of Shenyang, Liaoning province of China. The companies also export products to the Middle East region.

Under the terms of the acquisition transaction, KCC will acquire control of Lufeng, for a consideration of such number of common shares that represents 97.12% of the issued and outstanding shares of the Canadian company, after completion of the acquisition. The consideration will be settled between the parties prior to executing the definitive agreement for the acquisition based on the fact that the current KCC shareholders will own approximately 2.88% of Lufeng.

Also, KCC will complete a concurrent offering prior to the closing of the transaction. It is expected that the company will complete a share consolidation prior to the closing of the concurrent offering, as a result of which company's shareholders will hold approximately 575,868 common shares immediately prior to the acquisition, and that the existing holders of company options will hold options to acquire approximately 64,953 common shares of the Company at an exercise price of approximately CAN$1.493 per share.

KCC Capital will re-domicile from British Columbia to the Cayman Islands or other jurisdiction prior to completion of the acquisition transaction.

Thursday, July 29, 2010

BVI company invests US$10mln in US biofuels technology corporation

According to the announcement of the Oklahoma-based biofuels technology company Syntroleum Corp., a British Virgin Islands corporation Energy Opportunity Ltd. will acquire Syntroleum's common stock up to US$10 million worth, within a 24-month period.

By terms of the agreement, the BVI company will be limited to 4.9 percent of all shares of Syntroleum common stock. No single required purchase will exceed 2.5 percent of Syntroleum's market capitalization.

Market capitalization of the US company is currently estimated at about US$142 million. With its partner Tyson Foods Inc., the company plans to start operations on the Dynamic Fuels biodiesel plant in Geismar, La.

Saturday, July 24, 2010

Chaarat issues announcement on the acquisition of Kyrex Limited

BVI company Chaarat Gold Holdings Ltd announced that it has received acceptances from shareholders representing more than 75 per cent of the issued share capital of Kyrex Limited, concerning the acquisition of Kyrex which was announced on 21 June 2010.

In accordance with the provisions in the articles of association of Kyrex, Chaarat is able to acquire the remaining issued and to be issued shares of Kyrex Limited.

Monday, July 19, 2010

BVI company acquires shares of NSGold Corporation

British Virgin Islands-based private company Van Hoof Industrial Holdings Ltd. made an announcement that on June 18 it acquired ownership of 9,601,600 common shares of NSGold Corporation. This amount represents 31.89% of the full stock of common shares, both issued and outstanding, of NSGold. Of them, 8,201,600 shares were acquired by Van Hoof Industrial Holdings at a deemed price of $0.25 per share, pursuant to a Qualifying Transaction.

The BVI holding also acquired 700,000 common share purchase warrants of NSGold, representing 4.79% of its issued and outstanding warrants. The shares and warrants acquired by Van Hoof in the private placement are subject to a “hold period” which is to expire on October 19, 2010.

By terms of the purchase agreement, Van Hoof Industrial Holdings Ltd. may from time to time acquire ownership, control or direction over additional securities of NSGold Corporation. The shares and warrants of NSGold Corporation were acquired by the BVI holding for investment purposes.

Monday, July 12, 2010

CanAsia Financial entered into agreement with BVI-registered Mondeo Development Group

CanAsia Financial Inc. entered in an arm's length agreement dated May 1, 2010 with HK resident Mr. Jacky Chak-Sun Cheng and British Virgin Islands-registered private company Mondeo Development Group Ltd. Under the terms of this agreement, CanAsia will acquire through a series of transactions all of the issued and outstanding securities of the BVI company, and, indirectly, all the securities of Mondeo's subsidiaries.

Currently Mondeo has 360 common shares held by Mr. Cheng. The BVI company owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. and Pacific Optical owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. It is expected that prior to entering into the definitive agreement governing the transaction Mr. Cheng will sell 70 Mondeo shares to various arm's length investors, for cash consideration of $947,917. Each investor will also enter into agreement with CanAsia whereby they agree to sell their shares in BVI company to CanAsia.

On May 21, pursuant to the agreement, Mr. Cheng invested HK$8 million (approximately CDN$1 million) in consideration for a 38.4% equity stake in Pacific Shenzhen.

The Transaction will be Company's "Qualifying Transaction" in accordance with the policies of the TSX Venture Exchange. Completion of the Transaction is expected to take place on or before July 31, 2010. After closing, CanAsia will be the "Resulting Issuer" operating in the technology sector and the operations of Mondeo will be the Company's main business.

Friday, July 9, 2010

BVI-registered holding signs MoU to acquire full stake in COG Holding

Sino Invent Holdings Limited, a British Virgin Islands-registered company and a wholly-owned subsidiary of China Oil And Gas Group Limited, signed a memorandum of understanding with Sino Advance Holding Limited, an investment holding company also incorporated in BVI. Subject to the MoU, Sino Invent will acquire a 100% stake in HK-based China Oil and Gas Group (Holdings) Limited (COG Holdings). Pursuant to the agreement, China Oil and Gas will pay a refundable deposit in the amount of US$25.66 million to Sino Advance.

China Oil and Gas Group is an investment holding company engaged in natural gas and energy related business. COG Holdings is holding 70% stake in the joint venture company Shandong Shuanghe Mining, engaged in the exploration and exploitation of coal mines.

Monday, July 5, 2010

Canfe Ventures signed letter agreement with BVI-registered companies

A capital pool company Canfe Ventures Ltd. entered into a letter agreement with companies Fame Oriented Holding Limited, Baron Natural Resources Co. Ltd. (BNR) and Eagle Action Co. Ltd. (EA), all of them being registered in the British Virgin Islands, to acquire 87.5% of the issued and outstanding shares of Fame. The agreement was signed on June 4, 2010.

BVI company Fame Oriented Holding and its wholly-owned subsidiary Nevada-incorporated Golden Fame (USA) Inc. are privately held junior mining companies holding the rights to earn a 100% interest in the Arizona-located Goldridge Property.

By terms of the agreement, Canfe shall issue to the vendors 16,000,000 of its common shares at a deemed price of US$0.15 per share. That makes approximately 53% of the outstanding shares of Canfe immediately after the closing of the transaction. Upon completion of transaction, the BVI company shall repay BNR's shareholder loan totaling US$400,000.

Canfe will issue 1,016,667 common shares to an arm's length party as a finder's fee in connection with the transaction.

Trading of the common shares of the company has been halted in connection with this news release, and will recommence at such time as the TSX-V may determine, upon the completion of certain requirements pursuant to TSX-V Policy 2.4.

Tuesday, June 29, 2010

Afren plc to acquire Black Marlin Energy

Black Marlin Energy Limited, British Virgin Islands-registered company engaged in oil and gas exploration in East Africa, entered into a definitive agreement with Afren plc, providing for the acquisition of Black Marlin by Afren. Upon completion of the arrangement, Black Marlin would become a wholly-owned subsidiary of Afren.

Under the terms of the agreement, each shareholder of Black Marlin will receive 0.3647 of a common share of Afren for each common share of Black Marlin held. The transaction will be completed pursuant to a scheme of arrangement under the laws of the British Virgin Islands. Upon completion, Black Marlin security holders will own approximately 7.9%, and Afren security holders will own approximately 92.1% of the combined company.

It is expected by the companies that the combination will provide many benefits both to Afren and Black Marlin.

Afren plc is an African focused independent oil and gas exploration and production company, having interests and operating in Ghana, Côte d'Ivoire and Nigeria. Afren also has minority exploration interests in Congo Brazzaville and the Joint Development Zone of Nigeria - São Tomé & Príncipe.

Wednesday, June 23, 2010

BVI-based City Zone Holdings completed share exchange and closed $10.8 Mln private placement

Anslow + Jaclin, LLP, a securities and corporate law firm providing legal and business expertise for its domestic and international clients and focused on representation of public companies listed on US stock exchanges, represented British Virgin Islands-registered company City Zone Holdings Limited in a reverse acquisition of Eco Building International, Inc., and simultaneous financing transaction. By terms of this transaction, the BVI company became a wholly-owned subsidiary of Eco Building, which received full stock of the issued and outstanding ordinary shares of City Zone Holdings.

At the same time, City Zone Holdings Limited closed a private placement, consisting of convertible preferred shares and warrants on the amount of approximately US$8.21mln. The BVI company was also advised by Anslow + Jaclin on the second closing for additional amount of approximately $2.59 million. The aggregate aggregate financing made approximately $10.8 million.

City Zone Holdings Limited, through its subsidiaries, is an emerging organic and non-rganic agricultural products distributor in the Shanxi Province of China. The company is engaged in procuring, processing, marketing and distributing various grain and corn products.

Wednesday, June 16, 2010

Pansoft acquires full stock of Beijing ITLamp Technology

Pansoft Company Limited, a British Virgin Islands-registered provider of software ERP solutions and on-demand customized services for oil and gas industry in China, announced that it has signed an agreement for the acquisition of 100 per cent equities of Beijing ITLamp Technology Co., Ltd., for approximately US$3.07 mln. US$1.17 mln of this sum will be paid in cash and the balance in restricted Company stock (approximately US$1.90 mln).

The purchased company is an IT solution and service provider servicing oil companies with digital desktop office platform, material supply system, analytical and test system. ITLamp has developed over 20 software programs in different areas of the oilfield operations. The major customer of ITLamp is PetroChina Tarim Oilfield Company.

According to Pansoft's announcement, the BVI company will leverage ITLamp's customer base and solutions to increase its presence in the oilfield market segment. Also, ITLamp's core proprietary technologies will be combined with Pansoft's solution portfolio and technology platform, and provide higher quality services and more comprehensive solutions to its clients.

Hugh Wang, Chairman of BVI company's Board, said that, following the acquisition of Hongao Power's technology and service, Pansoft reached another important milestone in its expansion plan for 2010 with the acquisiton of ITLamp.

Friday, June 11, 2010

Orsu Metals Corporation to buy full stock of BVI-registered Eildon Enterprises Limited

Orsu Metals Corporation, London-based precious and base metals exploration and development company, announced that it has signed a binding sale and purchase agreement for the acquisition of another 24.73 per cent interest in the Karchiga Project, by purchasing the remaining outstanding shares of Eildon Enterprises Limited.

Eildon Enterprises is a British Virgin Islands-registered company, which is the owner of a 94.75 per cent interest in GRK MLD LLC. MLD is the holder of the contract relating to the Karchiga volcanogenic massive sulphide deposit in Kazakhstan granted by the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan in 2007 and valid until 2022.

Orsu Metals currently owns 73.9 per cent of the share capital of Eildon Enterprises, representing 70.02 per cent in MLD. Upon the completion of the acquisition Orsu will become the full owner of the BVI corporation; 100 per cent in Eildon will represent 94.75 per cent of MLD and its interest in the Project.

The proposed acquisition deal is proposed to be completed during the third quarter of 2010. The purchase price of the remaining 26.1 per cent interest in Eildon is US$6,187,500, to be paid in cash at the closing of the transaction.

Monday, June 7, 2010

Siva Group through BVI company acquired 23.5 percent of Nordic Tankers

Nordic Tankers A/S, the Danish shipping company headquartered in Copenhagen and listed on the OMX Nordic Exchange, issued a major shareholder announcement, reporting that SIVA Group have informed Nordic Tankers that through the British Virgin Islands-registered company Broadcourt Investments Limited, and Siva Shipping Singapore Pte Ltd, Singapore have acquired total amount of 8,862,173 shares in Nordic Tankers A/S. By this acquisition, the company will indirectly hold 23.47 per cent of the share capital and the voting rights in Nordic Tankers A/S.

Also, Siva Group informed that the shares held by the BVI company Broadcourt Investments, within the few days will be transferred to Siva Shipping Singapore Pte Ltd.

Monday, May 31, 2010

Seanergy Maritime Holdings Corp. signs LoI with BVI holding

Seaenergy Maritime Holdings Corp., a Marshall Islands corporation specializing in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers, entered into a Letter of Intent with a British Virgin Islands company Maritime Capital Shipping (Holdings) Limited, with the purpose to acquire a 51% ownership interest in Bermuda-based Maritime Capital Shipping Limited (MCS), for USD$33mln. The BVI company will retain a 49% interest in Maritime Capital Shipping Limited.

The final purchase agreement between Maritime Capital Shipping (BVI) and Seaenergy Maritime Holdings Corp. is expected to be signed by June 1, 2010.

The current controlled fleet of Seaenergy Maritime Holdings comprises 11 drybulk carriers with a total carrying capacity of 1,043,296 dwt. As a result of the acquisition, the size of company's fleet will make 20 dry bulk vessels with a combined cargo-carrying capacity of approximately 1,292,532 dwt.

MCS is headquartered in Hong Kong, and is engaged in providing international maritime transportation services through its ownership of dry bulk vessels.

Monday, May 24, 2010

Eurocontrol updated information on transaction with Athlone Global Security Inc.

Eurocontrol Technics Inc., a Canadian public company specializing in the acquisition, development and commercialization of energy security, authentication and verification technologies, announced that the shareholders of Eurocontrol have approved the proposed acquisition of all of the issued and outstanding shares of the BVI company Athlone Global Security Inc., in exchange for common shares and warrants of Eurocontrol. The company announced that its shareholders, holding approximately 21 per cent of the issued and outstanding shares of Eurocontrol, voted for the transaction with more than 99 per cent of the votes cast.

The combined company will take the name Athlone Global Solutions Inc., and its common shares will trade on the TSX Venture Exchange under the symbol “AGH”.

Additionally, Eurocontrol announced that it has completed the first tranche of its previously announced non-brokered private placement financing of special warrants at a price of US$0.30 per Special Warrant, for gross proceeds of US$880,000.

Monday, May 17, 2010

Everest announced update on its business combination with the BVI company

Everest Ventures Corp. provided an update to its announcement of the acquisition of the BVI company Estrella Overseas Limited, informing that on April 30, 2010, it has entered into a merger agreement among itself, its wholly-owned subsidiary in the British Virgin Islands, Everest (BVI) Limited, and Estrella Overseas Limited.

By terms of this agreement, Estrella will merge with Everest BVI, Estrella being the surviving entity. All of the outstanding securities of Estrella will be exchanged for securities of Everest. The merger shall constitute qualifying transaction, upon closing of which Estrella will become Everest's wholly-owned subsidiary, which will change its name to Estrella Energy Services Ltd. Also, the previously announced non-brokered private placement of US$2mln by Everest will now be completed by Estrella. The private placement is expected to close on May 7, 2010 or on other date as determined by Estrella.

On March 22, 2010, when the first press release was issued, common shares of Everest were suspended. The corporation was given the term until June 24, 2010 to either complete a qualifying transaction or transfer to NEX, which is a separate trading board of the TSXV, - otherwise it will be delisted. If Everest Corp. transfers to the NEX prior to closing, it may still complete the qualifying transaction, and then its shares will return to trading on the TSX.

Tuesday, May 11, 2010

EIH Ltd buys 46 per cent stake in BVI-based joint venture

EIH Limited, India-based hospitality firm whose principal activities are operating restaurants, bars and hotels, made an announcement that its board has approved buying 45.85 percent stake in its international joint venture EIH Holdings LTD, incorporated under the law of the British Virgin Islands, for US$45.85 million. EIH Ltd announced that its wholly-owned unit will acquire the equity interest of its partner Amex Investment Ltd in the joint venture.

EIH Ltd currently holds a 54.15 percent stake in the joint venture firm through its subsidiary, EIH International Ltd., British Virgin Islands. Pursuant to the deal it will become the whole owner of the JV.

Eastern International Hotels (EIH) Limited operates in two segments: hotels and others. Its services include airline catering, management of restaurants and airport bars, travel and tour services, car rental, project management and corporate air charters.

The BVI-registered joint venture has investments in hotels in Mauritius and Indonesia, and hotel management contracts in various countries.

Thursday, May 6, 2010

Pansoft acquires 55% equity stake in Shandong HongAo Power Technology

Pansoft Company Limited, the BVI-registered company providing software service and solutions for enterprise resource planning for the oil and gas industry in PRC, announced on April 26, 2010 that it has signed an agreement to acquire a 55 per cent equity stake in Shandong HongAo Power Technology Co., Ltd, for approximately US$2.6mln.

Shandong HongAo Power is an IT-based technology solution and service provider focused on energy-saving and pollution-reducing solutions for the thermal power generation industry in China. The company has approximately 40 customers in China, most of them are termal power plants in the Shandong Province, which is one of the largest thermal power generation bases in northern China. They have over seven proprietary solutions, including five software copyrights and five patents.

According to the Chairman of Board of Pansoft Company Limited, acquisition of HongAo Power's technology and service will expand company's current ERP solutions' market into the power generation industry. He said that the BVI company may further increase its ownership in Shandong HongAo Power. The company also expects to have additional acquisition projects in 2010.

Friday, April 30, 2010

AlphaRx, Inc. to enter in a stock transaction with Pacific Orient Capital

Pharmaceutical company AlphaRx, Inc. announced that its Canadian subsidiary AlphaRx Canada Limited and a Canadian TSX-listed company Pacific Orient Capital, Inc. signed a non-binding letter of intent under which AlphaRx Canada Limited and Pacific Orient will combine in a stock transaction. The combined company will be named Pacific Orient BioPharma Group. It is planned to be an innovative high tech enterprise engaging in branded generic drug development, market promotion and distribution in China and other markets.

Following completion of the transaction, Pacific Orient BioPharma Group will have a total of 10,000,000 common shares outstanding, 55% of which will be owned by AlphaRx International Holdings Limited, a corporation incorporated under the laws of the British Virgin Islands and 80% owned by AlphaRx Inc.

Under the terms of the letter of intent, Pacific Orient will issue 5,500,000 of its common shares at a deemed price of C$0.60 per share in exchange for all the issued and outstanding shares in the capital of AlphaRx Canada Limited and the marketing rights of Indaflex for Asia and Mexico. In conjunction with the transaction, Pacific Orient will conduct private placement to raise a maximum of C$1,500,000 by issuance of common shares at C$0.60 per share.

The transaction is anticipated to be completed by the third quarter of 2010. Common shares of the combined company will be listed on the TSX Venture Exchange.

Tuesday, April 20, 2010

China Medical System issued shares to BVI corporation

China Medical System Holdings Ltd. has signed an agreement with its Executive Director Mr. Hui Ki Fat to acquire the remaining 40 per cent stake in Sky United Trading Ltd., by issuing and allotting 263,833 new ordinary shares of US$0.1 each to Archiever Development Ltd., a company incorporated in the British Virgin Islands and wholly owned by Mr. Hui Ki Fat. Currently China Medical System holds 60 per cent stake of Sky United Trading Ltd. through Sino Talent limited.

By terms of the agreement with Mr. Hui Ki Fat, China Medical System Holdings issued the New Shares, representing approximately 0.55 per cent of the enlarged share capital of the company, to the British Virgin Islands company. The remaining 40 per cent shareholding in Sky United has transferred to Sino Talent Limited.

Sky United, a company incorporated in Hong Kong, is mainly engaged in the import of pharmaceutical products into China through Hong Kong.

Monday, April 12, 2010

The U.S. exploration company enters into Purchase and Sale Agreement with a BVI corporation

Arkanova Energy Corporation, an exploration and junior production company engaged in the acquisition, exploration and development of oil and gas properties in the North American areas, made an announcement that its subsidiary entered into a Purchase and Sale Agreement with a British Virgin Islands-registered corporation Knightwall Invest, Inc. Pursuant to this agreement, dated April 9, 2010, Arkanova's subsidiary Provident Energy Associates of Montana, LLC, agreed to sell to Knightwall, and Knightwall agreed to purchase, 30 per cent of the leasehold interests comprising Provident's Two Medicine Cut Bank Sand Unit in Pondera and Glacier Counties, Montana, and the equipment, parts, machinery, fixtures and improvements located on, or used in connection with, the Unit, for a purchase price of $7,000,000. The closing of the transaction is planned on August 6, 2010.

Knightwall is a lender to the registrant, and it currently has an outstanding loan to the registrant of $330,000 in principal amount bearing interest at the rate of 10% per annum and due and payable by the registrant on May 29, 2010, plus interest of $33,000. The note of $363,000 will be renewed on May 29, 2010, and then the total amount will be paid in full from the portion of the Purchase Price to be paid by Knightwall on July 8, 2010.

Friday, April 2, 2010

Black Marlin Energy Holdings Limited announced completion of acquisition of Black Marlin Energy Limited

Black Marlin Energy Holdings Limited, formerly known as Kristina Capital Corp., has completed on March 18, 2010 its previously announced acquisition of all of the issued and outstanding securities of the British Virgin Islands company Black Marlin Energy Limited. Pursuant to the transaction, a wholly owned subsidiary of the corporation, incorporated in the British Virgin Islands and established solely for the purposes of participating in the transaction, merged with Black Marlin Energy Limited, all of the outstanding common shares of the company being exchanged for common shares in the capital of the corporation on a one for one basis at the price of $0.50 per share, Black Marlin Energy Limited becoming the wholly owned subsidiary of the corporation.

Prior to the transaction, the corporation received shareholder approval to consolidate the common shares of the corporation on a two for one basis, to remove from Alberta to the British Virgin Islands, and to change the name to Black Marlin Energy Holdings Limited.

A total of 134,252,458 BMEL's shares were issued and outstanding immediately prior to the completion of the transaction, which shares were exchanged for 134,252,458 common shares pursuant to the transaction, BMEL becoming the wholly-owned subsidiary of the corporation. Following the completion of the Private Placement and the Transaction, a total amount of 202,494,458 common shares are issued and outstanding.

Sunday, March 28, 2010

BVI company Estrella Overseas Limited to be acquired by Everest Ventures Corp.

On March 22, Everest Ventures Corp. entered into a binding letter agreement with a private British Virgin Islands company Estrella Overseas Limited. Pursuant to the terms of the agreement, Everest intends to complete a business combination with Estrella via the issuance of Everest securities for all of the issued and outstanding securities of Estrella. Upon closing the qualifying transaction, the BVI company is expected to be a wholly-owned subsidiary of Everest, and Everest will change its name to Estrella Energy Services Ltd. The transaction is considered to be an arm's length qualifying transaction, as such term is defined under the policies of the TSX Venture Exchange Inc.

Also, Everest plans to complete a non-brokered private placement of US$2.0 million in connection with the qualifying transaction. It is anticipated that, subject to Exchange approval, Everest may pay a commission or finder's fee in connection with the Everest Financing, such fee or commission payable is to be deducted at closing, from the gross proceeds of the Everest Financing.

After the consolidation and assuming closing of the Everest Private Placement, Everest will get 4,000,000 Everest Shares issued and outstanding, options to acquire 180,052 common shares and no other securities exercisable, exchangeable or convertible into Everest Shares. Upon closing of the qualifying transaction it is expected that there will be 95,000,000 Everest Shares issued and outstanding, options to acquire 180,052 Everest Shares and 39,000,000 Everest Warrants.

The transaction between Everest Ventures and Estrella is to be completed prior to June 20, 2010. The Estrella (BVI) Agreement will terminate if all its conditions are not satisfied or waived by July 31, 2010. The Estrella Agreement will also terminate if the parties have not entered into a definitive agreement on or before April 6, 2010.

Wednesday, March 17, 2010

FGX International Completed merger with French manufacturer

FGX International Holdings Limited, a British Virgin Islands-registered holding of FGX International, announced that it has completed its merger with a subsidiary of French company Essilor International.

By terms of the agreement, shareholders of FGX International received $19.75 per share in cash, for an aggregate amount of approximately $575 million. This sum includes the repayment of FGX International debt of approximately $115 million. Upon completion of the merger, the BVI company became a wholly-owned subsidiary of Essilor; also, FGX International will change its place of incorporation from the British Virgin Islands to the State of Delaware.

FGX International's CEO Alec Taylor said that the company is excited to be part of Essilor, which is the world leader in ophthalmic optical products, researching, developing, manufacturing and marketing a wide range of lenses for optical correction.

FGX International is the leading designer and marketer of non-prescription reading glasses and popular sunglasses in North America. Its products are sold in over 63,000 retail locations in the U.S., Canada, Mexico and the United Kingdom.

Monday, March 15, 2010

Chinese oil giant and Argentinian holding to form a BVI-based joint venture

China's largest offshore oil and gas producer, China National Offshore Oil Corporation (CNOOC) announced that it was investing $3.1 billion for a 50 per cent stake in a joint venture with Argentinian company Bridas Energy Holdings Ltd. Each of the two companies will hold 50 percent interests in Bridas Corporation, a joint venture that will be headquartered in the British Virgin Islands and will focus on oil and gas exploration.

The deal is part of Chinese company's strategy to expand in Latin America region. It will increase Chinese company's proven global reserves of oil by 318 barrels of crude.

According to independent analysts of Beijing, an important aspect of the deal is that Bridas Corporation owns 40 percent of Pan American Energy LLC, while British company BP plc is the owner of another 60 percent. Bridas Corporation, which is involved in exploration and production in Argentina, Bolivia and Chile, had proven reserves of 636 million barrels of petroleum and average production of 92,000 barrels per day at the end of 2009.

The deal is expected to close in the first half of 2010.

Sunday, March 14, 2010

TSX Venture Exchange announces share purchase agreement between BVI company holders and Challenger Development Corp.

Recently TSX Venture Exchange announced that it accepted for filing documentation connected to an amended and restated option agreement between Challenger Development Corp. and Musadik Mohamed Ally ("MMA") and Najua Kassira ("NK"). Under this agreement dated January 20, 2010, Challenger Development was granted an option to acquire 70% interest in certain gold claims located in Tanzania.

MMA and NK will be the registered and beneficial owners of 100% of the issued and outstanding capital stock of the British Virgin Islands-incorporated company Harbour Green Investments Limited, which may incorporate and wholly own a private company under the laws of Tanzania to hold the gold claims. MMA and NK have agreed to grant Challenger Development an option to a 70% direct interest in the gold claims, or a 70% equity interest of this BVI-controlled private company. In order to earn the option, the company must: within five business days make a cash payment of $350,000 to MMA and NK; incur exploration expenditures on the gold claims in Tanzania, the first of which should be on or before November 30, 2010; and issue 2,000,000 of its common shares to MMA and NK.

Monday, March 8, 2010

TSX gives conditional listing approval to Talon's merger with Saber Energy

The BVI company Talon Metals Corp. made an announcement that it has received conditional listing approval from the TSX stock exchange concerning the proposed merger with another BVI company Saber Energy Corp.

The merger of Talon Metals with Saber Energy, both incorporated in the British Virgin Islands, is expected to close on or about March 23, 2010, and is subject to the approval of both companies' shareholders and the fulfilling of certain other conditions.

The name of the merged company will remain Talon Metals Corp., and its focus will remain mineral exploration. After closing the transaction, Talon's shares will continue trading on the Toronto Stock Exchange under the same symbol (“TLO”).

A special meeting of Talon shareholders is scheduled to take place on March 9, 2010. The record date is January 18, 2010.

Sunday, February 28, 2010

Bacanora announced details of transaction with BVI-registered Mineramex Ltd

Capital pool company Bacanora Minerals Ltd. has provided details concerning the binding letter agreement with the British Virgin Islands-registered Mineramex Limited, signed on July 17, 2009 and amended by an agreement of January 18, 2010.

The sole assets of Mineramex are 99.9% of shares of Minera Sonora Borax, S.A. De C.V. ("MSB") and 60% of shares of Minerales Industriales Tubutama, S.A. de C.V. ("MIT"), both being Mexican corporations holding exploration and development stage borate and other mining claims in northern Sonora State of Mexico. All of the issued and outstanding shares of BVI company are held by the UK company Tubutama Limited, which is, in turn, 100% owned by another UK company, Tubutama Borax.

By terms of the agreement, Bacanora acquires all of the outstanding shares of the BVI company, together with outstanding loans owing by MIT to Tubutama Borax PLC for a total purchase price of Cdn.$5,250,000. Upon closing the transaction, the company will also grant or reserve a 3% royalty to Tubutama in respect of all minerals that are produced from the lands held by MSB and MIT.

Also the agreement provides for the completion of a private placement of a minimum of 6,000,000 shares of capital company at Cdn.$0.25 per share, for minimum proceeds of $1,500,000. The Financing is expected to close concurrently with the closing of the proposed transaction.

Sunday, February 21, 2010

Urex Energy sells Argentine subsidiary to BVI corporation

Urex Energy Corp., a Nevada-based company focused on active exploration and development of uranium properties in Argentina and New Mexico, announced that it has completed the sale of its 100% owned Argentine subsidiary, United Energy Metals SA, to the British Virgin Islands corporation Patagonia Resources Ltd.

It was reported in a news release dated December 1, 2009 that Urex signed a letter of intent with UrAmerica Ltd of London, UK, for the sale of United Energy Metals SA. The UK company then transferred the acquisition rights of United Energy Metals to the BVI corporation.

By terms of the agreement, US$500,000 cash will be paid to Urex, and UrAmerica will assume a maximum liability of US$275,000 for the outstanding debts of the purchased company

The exploration company plans to use the proceeds of the sale to pay down debt and to focus on developing its 100% owned La Jara Mesa Extension uranium property in New Mexico.

The company said it will use the proceeds of the sale to pay down debt and to focus on developing its 100% owned La Jara Mesa Extension uranium property in New Mexico. The La Jara Mesa property is in the process of obtaining exploration drill permits.

Friday, February 12, 2010

Thunderbird provides update on Panamanian and Indian projects

BVI-registered company Thunderbird Resorts Inc., an international provider and operator of branded casinos and gaming facilities in a number of countries worldwide, has reported an update on the proposed transaction with Merit Gaming, LLC.

In December 2009, Thunderbird Resorts Group and Merit Gaming, LLC had executed a letter of intent for the purchase and sale of Thunderbird's 63.63% stake in International Thunderbird Gaming (Panama) Corporation, which owns six casinos in Panama. The transaction was subject to the fulfillment of certain conditions, including the expiration of certain first rights of refusal. Recently, the Thunderbird Group was notified that a holder of first right of refusal, Powelton Company, Inc., which is a privately held company incorporated under the law of the BVI, exercised its right to match the letter of intent between Thunderbird and Merit. While there is no assurance of closing the deal, Thunderbird and Merit will move forward to do it.

Also, Thunderbird Group announced an update on agreements with an Indian group to form Daman Hospitality Private Limited to develop and own a resort in Daman, India. Along with its joint venture partners, Thunderbird invested $16mln in the project, which requires approximately $13.5mln in additional equity and $26mln in senior secured debt. The $13.5mln has now been funded of which $7.5mln was funded by an international private equity firm in November-December 2009. Also, the Group announced that DHPL consummated a loan facility with a consortium of Indian banks for US$26mln in senior secured financing that has been guaranteed by the BVI Group and its Indian partner. Thunderbird anticipates the first funding of this loan to occur within the next 15 days.

Thursday, February 4, 2010

Brazilian Gold Corporation through its BVI subsidiary signed Definitive Agreement on Boa Vista Project in Brazil

Brazilian Gold Corporation, the Canadian public company focused on acquisition, exploration and development of mineral properties in the Tapajos region of Brazil, signed a Definitive Agreement through its wholly owned British Virgin Islands-registered subsidiary Cabral Resources (BVI) Ltd. with Golden Tapajós Mineracão Ltda., Octa Mineracão, Ltda. and D'Gold Mineral, Ltda. The agreement is for the acquisition of a 51% interest in Boa Vista Gold Inc. that will be the indirect holder of the rights to the Boa Vista Project through its ownership of Golden Tapajós. 55% of Boa Vista Gold, which is incorporated in the British Virgin Islands, is owned by Octa Mineracão and 45% by D'Gold. The Definitive Agreement for this transaction was signed on January 21, 2010.

Under the terms of the Definitive Agreement, Octa and D'Gold are transferring their 100% interest in Golden to BVG. Cabral Resources (BVI) must undertake the following actions, in order to get a 51% interest in BVG: pay to Octa and D'Gold the amount of US$600,000 on the closing date which is on or before February 26, 2010, and incur US$3,000,000 in exploration expenses on or before the second anniversary date of signing the Definitive Agreement (First Option). Upon fulfilling this, Octa and D'Gold must notify Cabral within thirty days of whether it wants to form a Joint Venture or grant the Second Option to earn an additional 19% interest in BVG.

The Boa Vista Project is located near the southern border of the Tapajós Mineral Province. The Project includes a number of historic alluvial deposits partially explored by Golden Tapajós. Cabral Resources (BVI) Ltd. intends to undertake a systematic exploration program over the Project, and make detailed geological mapping, geochemical and geophysical surveys.

Monday, February 1, 2010

Hanseatic & Baltic Properties Plc signed MoU with BVI- and Cayman-based companies

The investment company Hanseatic & Baltic Properties Plc announced the signing of a legally binding Memorandum of Understanding with P.T. Citramegah Karya Gemilang (CKG), incorporated in the Republic of Indonesia, and the British Virgin Islands-incorporated companies Prestigious Assets Management Limited, Sarris Limited, Olympiad Investments Limited, Trinova Holdings Limited, Mirae Asset Solutions (HK) Limited and Jersey Hills Holdings Limited. According to the MoU, Hanseatic & Baltic will acquire from these companies the entire issued share capital of the Cayman Islands-based company United Sino Limited. The consideration for the acquisition under the terms of the MoU agreement will be 30 billion ordinary shares at a price of GBP 0.001 each.

If the proposed acquisition goes ahead, the vendors would own 99.7% of the entire issued share capital of Hanseatic & Baltic prior to including shares raised as a result of the intended placing.

The purchasing company has previously issued convertible instruments which may result in a total of an additional 705, 750,000 ordinary shares being issued. The company would have 30,798,118,046 ordinary shares issued on a fully diluted basis, and the vendors would own 97.4% of the entire issued share capital of the company prior to including shares raised as a result of the intended placing.

It is proposed that United Sino Limited incorporates a subsidiary in Libya, in which it will own 65% of the entire issued share capital. The agreement provides that Sino shall enter into a construction management agreement with this subsidiary which terms include that the subsidiary shall pay to Sino 40% of its profit as management fees.

Saturday, January 30, 2010

China-based auto parts manufacturer purchases majority stake in the BVI company

Wonder Auto Technology Inc, an auto parts maker based in China, has received greater access into auto safety and electronic systems market after having purchased a majority stake in the British Virgin Islands-registered Applaud Group Limited, which owns 52.2 per cent of a hi-tech auto parts supplier Jinsheng Automotive Safety Technology Holdings Ltd.

The acquisition was made through two deals. The first deal was when Wonder Auto's wholly-owned subsidiary, Wonder BVI, entered into an equity transfer deal with another British Virgin Islands-registered corporation Novophalt (China) Limited. Under the deal, Wonder BVI will purchase its 20.95 per cent ownership of Applaud Group Limited.

The second deal was closing of a similar acquisition deal by other wholly-owned subsidiary of Wonder Auto's, Yearcity Limited, with a British Virgin Islands corporation Wonder Employee Capital Limited (WECL). By terms of this deal, Yearcity will purchase its 17.46 per cent ownership of Applaud from WECL.

As a result of these deals, Wonder Auto bought 38.36 per cent of Applaud and thereby became the owner of 20.02 per cent of Jinsheng. The acquisition is strategically significant, as the deal will help Wonder Auto and Jinsheng to fully use their customer bases, expanding cross-selling, upgrading Research and Development sector, sharing technologies and increasing value-added services of existing products.

Wonder Auto is China's leading company in the field of the design, development, manufacturing and sale of auto electrical parts, its products being concentrated toward components for autos with engine capacity below 1.6L. It has experienced rapid growth in the last years, along with the expansion of this market segment and the worldwide trend towards environment-friendly low emission vehicles.

Sunday, January 17, 2010

Sino-Forest Corporation to acquire BVI-registered Homix Limited

Sino-Forest Corporation, a leading commercial forest plantation operator in China, announced that one of its wholly owned subsidiaries acquired Homix Limited (BVI), a company engaged in research, development and manufacturing of engineered-wood products in China, for an aggregate amount of US$7.1 million. The acquisition transaction included company's facilities in mainland China and its patents.

Homix Limited is a sole proprietorship company incorporated under the law of the British Virgin Islands. Also, the BVI company has an R&D laboratory and two engineered-wood manufacturing enterprises based in Guangzhou and Jiangsu Provinces, covering eastern and southern China wood product markets. Homix specializes in curing, drying and dyeing methods for engineered wood, and has the know-how to produce recomposed wood products. The company has developed a number of new technologies with patent rights.
By words of Sino-Forest's Chairman and CEO Mr. Allen Chan, by acquiring Homix, which has “significant technological capabilities in engineered-wood processing”, they intend to use six-year eucalyptus fibre instead of 30-year tree fibre from other species, to produce quality lumber using recomposed technology, and by this to preserve natural forests and improve the demand for and pricing of planted eucalyptus trees.

Wednesday, January 13, 2010

Gateway Certifications announced merger with BVI-based fuel company

Gateway Certifications, Inc. announced that in November 2009 it acquired Jianye Greentech Holdings Ltd., a privately held corporation registered in the British Virgin Islands. The transaction was signed in accordance with an Agreement and Plan of Share Exchange.

JGH is a holding company whose principal operating companies are involved in developing, manufacturing and distribution of alcohol-based automobile fuel products in China. BVI company's products are designed to function as a lower-cost alternative to conventional gasoline-based auto fuel.

Pursuant to the terms of the agreement, Gateway acquired BVI company in exchange for an aggregate amount of 3,548,796 newly issued shares of its common stock. Also, according to this agreement, the company approved an amendment to the company's Articles of Incorporation, having changed the name of the Registrant to American Jianye Greentech Holdings Ltd.

Additionally, Gateway Certifications approved a forward-split of its common stock on the basis of 7.89 for 1, and is applying for the split to take effect in the market, at which time 31,393,765 shares of common stock will be issued and outstanding. Upon the filing of a Definitive Information Statement and effectiveness of the name change, Gateway Certifications intends to apply to change its OCBB stock symbol.

Monday, January 11, 2010

Link Resources, Inc. acquires BVI-registered parent company of Bohai Pharmaceuticals

Nevada-based company Link Resources, Inc. completed share exchange transaction and US$12 million private placement pursuant to which it acquired the parent company of Yantai Bohai Pharmaceuticals Group Co., Ltd. Under the terms of the share exchange transaction, the shareholders of Chance High International Limited, Bohai's indirect parent company registered in the British Virgin Islands, exchanged all of their BVI company's equity for 13,162,500 shares of Link Resources, representing approximately 81% of its outstanding shares. Now Chance High is a directly held, wholly-owned subsidiary of Link.

In the private placement Link issued 6,000,000 units at a price of $2 per unit, resulting in gross proceeds of $12,000,000. Net proceeds to Link made approximately $9,700,000. Each unit consists of $2 principal amount, two year convertible note and a three year warrant to purchase one share of Link common stock at $2.40 per share.

Assuming full conversion of the notes and exercise of the warrants, offering investors would own approximately 26.9% of the outstanding shares of Link and the former shareholders of BVI-registered Chance High, would own approximately 59.2% of the outstanding shares of the US company. Another British Virgin Islands-registered company, Glory Period Limited, which is a shareholder of Chance High, would become the owner of approximately 40% the outstanding shares of Link assuming full conversion of the notes and exercise of the warrants.

Yantai Bohai Pharmaceuticals is located in Shandong Province, China, and engaged in the production, manufacturing and distribution of traditional Chinese herbal medicines.

Saturday, January 9, 2010

US exploration company acquires BVI-registered APM Mining Ltd.

The US-based mineral exploration and development company Gentor Resources, Inc. announced that a letter of intent has been signed by Gentor and Arabian Peninsula Projects Ltd., African Precious Minerals Ltd. and Tembo Capital LLP, relating to the acquisition by the US company of all of the issued and outstanding equity securities of British Virgin Islands-registered APM Mining Limited. By terms of this transaction, 13.063 million of Gentor's previously authorized and unissued common shares will be exchanged for ownership of 100% of the BVI company.

Upon the conclusion of the transaction, Gentor will receive secured earn-in rights in two exploration blocks in the Sultanate of Oman, totalling 1,266 square kilometers. The US company is planning to increase its exploration holdings in the region in order to become a leading exploration company focused on this region.

BVI-registered APM Mining Limited is a mineral exploration company having the earn-in rights to specific exploration ground holdings in Oman, comprising strategic sites identified as having significant potential for copper mineralization.

It is anticipated that Gentor will execute a definitive agreement and conclude the closing of the acquisition transaction within the next few weeks.

Wednesday, January 6, 2010

Gurit makes acquisition deal with the BVI company

Gurit Holding, an international company which takes leading positions in the development and manufacturing of advanced composite materials and solutions in the markets of Wind Energy, Transportation and Marine areas, has signed an agreement with Windy Shore Holdings Limited, which is registered in the British Virgin Islands. By terms of the agreement the Swiss company will acquire Suzhou Red Maple Wind Blade Mould Co. Ltd., Taicang, Jiangsu/China, by taking over its parent company Cheer Tech Investment Limited, based in Hong Kong, from the BVI company owning it.

The acquisition will allow Gurit to substantially increase its strategic technology and product offering in the rapidly growing Wind Energy market, especially in Asia and China. By signing the agreement with Windy Shore Holdings to acquire Suzhou Red Maple, Gurit acquires the market leading Chinese producer of wind turbine blade moulds thus expanding its offering especially in the infusion technology segment of the Wind Energy Market. Suzhou Red Maple is located in Taicang, Jiangsu/PRC, having generated annual sales volume of around CHF 30 million in 2009.

The price of the acquisition deal will consist of an initial payment and performance based installments over the next three years, and will make about CHF 40 million. The acquisition transaction is expected to be closed before the end of 2009. With this acquisition, China becomes largest production base of Gurit.