Northwestern Enterprises purchased 4.2% of Aura MInerals common shares

BVI-incorporated company Northwestern Enterprises Ltd. had acquired 1,400,000 common shares of Aura Minerals, pursuant to a private share purchase agreement. The shares were bought for a total price of US$1,486,962, or US$1.062 per share, and represent approximately 4.2% of Aura's issued and outstanding common shares.

Upon the completion of the Private Purchase transaction, the BVI company owns or controls over 17,589,075 common shares which is approximately 52.6% of Aura's issued and outstanding common shares.

The transaction was completed as part of Northwestern's review of its investment holdings, and to permit it to increase its ownership in Aura.

North West Company Inc. acquires 76 per cent shares in BVI retailer

North West Company Inc., Canada-based retailer with presence in the Caribbean countries, and Roadtown Wholesale Trading Ltd., a privately-held company with retail outlets and wholesale operation working in the British Virgin Islands, entered into definitive purchase agreement for the acquisition of 76% shares of Roadtown Wholesale. The approvals to operate the company under North West majority ownership have been received from the BVI government, and the transaction was approved by the Board of Directors of both parties.

The Canadian company will pay for 76% interest in the BVI retailer approximately US$32 million, and US$5 million in acquisition related costs including stamp duties to the government of the British Virgin Islands.

The acquisition transaction is expected to close in February, 2017, and is to contribute approximately US$5 million of annualized net income to North West, which will pay about 90% of the purchase price in cash, and 10% through issuance of North West common shares. After the acquisition, RTT will continue to operate under the same trade names, Riteway Food Markets and Roadtown Wholesale Trading.

China Natural Resources completed acquisition of Bolivian company

In the end of the year, China Natural Resources, Inc., the company headquartered in China and incorporated in the BVI, had completed the acquisition of Bolivian corporation Planta Metalurgica Antay Pacha S.A. Planta Metalurgica proposes to operate a copper smelting plant in western Bolivia, and is completing the licensing procedure. The trial run is expected to start in the second quarter of 2017, and commercial production will start in the fourth quarter of the year. The purchase price of US$1,541,129 includes US$1,441,129 of debt that is payable upon demand.

CEO of China Natural Resources commented on the acquisition: "We are excited about the prospects of adding a copper smelter to our mining operations in the PRC and believe that Bolivia, a country abundant in various natural resources, offers us the opportunity to diversify our operation. We will continue to explore new businesses opportunities to contribute to revenues and enhance shareholder values."