Talon Metals received an option to acquire 100 per cent of Tamarack Project

BVI-based exploration and development company Talon Metals Corp. provided an update on the Tamarack Project Nickel-Copper-PGE Project in the USA. Talon currently owns 18.45 per cent interest in the project, which is the main focus of its activities.

Talon Nickel (USA) LLC , the wholly-owned subsidiary of the BVI corporation, received formal notification from Kennecott Exploration Company that it has elected to grant Talon Nickel the exclusive option to purchase its 81.55% interest in the Tamarack Project, for a total price of US$114,000,000. In case the option will be exercised, Talon will become the owner of 100 per cent of the Project. The terms and conditions for the purchase transaction are set forth under the exploration and option agreement between the parties.

Talon Nickel has to inform Kennecott Exploration Company until November 6, 2017, as to whether it will exercise the purchase option. In case the option will be exercised, Talon Nickel is required to pay KEX a non-refundable deposit of US$14,000,000, and an additional US$100,000,000 within 18 months. If BVI company’s subsidiary chooses not to exercise the Purchase Option, the companies will enter into the Mining Venture Agreement and become joint venture partners.

Luxoft Financial Services division completed acquisition of derivIT

Luxoft Holding, Inc., a provider of software development services, innovative IT solutions and digital transformation has completed the transaction under the Share Purchase Agreement to acquire derivIT, a Singapore-based financial services technology consulting company. The transaction was closed upon the receipt of the approval by Reserve Bank of India.

The acquisition of derivIT adds several delivery centers in Bangalore, India; Dubai, UAE; and Tianjin, China. The acquisition also is expected to expand Luxoft’s existing capabilities in Singapore.

By words of President and CEO of Luxoft, the completion of the acquisition transaction “reinforces a strong foundation on which the company is building its presence and the delivery platform in the APAC.” He also said: “We are very pleased to welcome derivIT team and start realizing expected significant synergies in servicing current high-potential clients in the Asia Pacific region, anchoring new business opportunities in financial, automotive, telecom and other sectors, as well as taking advantage of the immediate cross-selling opportunities we see at this time.”

BVI-based subsidiary of Chinese retailer acquires Jiedian Technology Co., Ltd.

Chinese online retailer of beauty products, Jumei International Holding Limited, completed its acquisition of equity interest in Shenzhen Jiedian Technology Co., Ltd. Now equity interest is held by River International Holding Limited, the British Virgin Islands-incorporated company, which is wholly-owned subsidiary of Jumei Inernational Holding Limited.

Jiedian Technology is working in the portable power bank sharing business. It facilitates master power charging boxes in highly frequented points of interest. Also, the company has got an app for users to locate nearby power boxes where they can rent a portable power bank. Jiedian has deployed its power boxes in more than twenty major cities.