Mobile Internet company’s holder announces lock-up

NQ Mobile Inc., a global provider of mobile Internet services, announced that its substantial holder, the British Virgin Islands-incorporated company RPL Holdings Limited, agreed to a two-year voluntary lock-up. That means that it will not sell any of its holdings until September 2014.

RPL is owned and controlled by the three founders of NQ Mobile, Dr. Henry Yu Lin, Dr. Vincent Wenyong Shi, and Mr. Xu Zhou. As of June 30, 2012, the BVI company held 50,352,941 Class B common shares of NQ Mobile, which represented approximately 21.2 per cent of NQ Mobile’s outstanding common shares. Also, Dr. Henry Yu Lin and Dr. Vincent Wenyong Shi have agreed not to sell during the lock-up period any other NQ Mobile shares, including shares underlying stock options held by them, totalling 5.35 million Class B common shares assuming exercise of all the outstanding options.

Berkeley raises $10m in placement with BVI-registered Polo Resources

The uranium company Berkeley Resources said it plans to raise $10mln in a placement and right issue with Polo Resources, the AIM-listed company based in South Africa and registered in the British Virgin Islands, providing basic funding. The money will be used for a feasibility study into the Salamanca uranium project of Berkeley Resources, which is working mainly in Spain. This project includes uranium resource and an existing uranium processing plant.

The placement with the BVI company involves 14 mln new shares at 50 cents each, with seven million attaching options at an exercise price of 75 cents. Polo Resources will subscribe for 10 mln shares, of 14 mln, and take 5 mln options with the company's chairman Stephen Dattels taking a seat on Berkeley's board.

The existing shareholders will be given a chance to apply for one new Berkeley share for every 20 they hold as part of a rights issue; also, they will be entitled to one free attaching option for every new share they receive, exercisable at 75 cents.

The BVI-based Polo Resources holds coal and uranium assets in Mongolia.

BVI-based Homeland Energy Corp. completes merger with Chrysalis, and acquires 15.6% of Australian company Altona Resources

Homeland Energy Corp., a private BVI-registered company focused on energy exploration and development in South Africa, reported that its merger partner, Chrysalis Capital IV Corporation, has made another step in the process of the Reverse take-over of Chrysalis (a Capital Pool Company) by Homeland, having lodged its Filing Statement on SEDAR. The Filing Statement is actually a comprehensive compilation of information on both corporate entities merging, and on the structure, composition and financial state of the final entity.

When the Reverse take-over will be closed, the traded entity will be called Homeland Energy Group Ltd. and will commence trading on the Toronto Stock Exchange under the assigned ticker symbol of “HEG” in the beginning of March 2008.

Also, pursuant to the previously announced share exchange offer by Chrystalis, Homeland deposited 26,982,980 of its common shares stock – that is 78% of the issued and outstanding Homeland Common Shares. Chrystalis reported the intention to istruct the depositary, Equity Transfer & Trust Company, to take up and pay for all of the Common Shares of the BVI company, at the moment of the closing of the Qualifying Transaction.

Another announcement made by Homeland Energy was about the acquisition of 15.6% of Altona Resources Plc, through a share exchange of the BVI company with two of Altona's major shareholders. Altona is Perth-based company focused on the delineation of a coal resource in South Australia. Stephen Coates, President and CEO of Homeland Energy, has commented that by this deal the company continues “to augment its investment in energy companies and create a geographically diverse portfolio of energy-focused projects”. The transaction was completed on February 13, 2008, through the purchase of 44,250,000 shares of Altona Resources, by issuing 737,500 new fully paid shares of Homeland Energy. As the result of this share issue, Homeland's total number of shares outstanding will be 34,521,826.

Also, on February 8, 2008 the BVI company received notification by a strategic investor that he would be exercising the first of its three options, under an MOU signed on December 15, 2007, to acquire up to a total of a 50% interest in Homeland's South African subsidiary, Homeland Mining & Energy SA (Pty) Ltd., for a price of US$15,000,000.

British Virgin Islands private company entered into Investor Relations Engagement with Columbia Metals Corp.

International Financial Consulting International Coordination Ltd. (IFCIC), a private company incorporated in the British Virgin Islands, has been engaged to provide international investment promotion services, to Columbia Metals Corporation Limited.

The investor relations agreement between the two companies comes into effect immediately and for a 12 months term. For its services, the BVI company will be granted options to purchase up to a total amount of 500,000 common shares at an exercise price to be determined in accordance with the TSX Venture Exchange policies at the date the options are granted. The options will vest up to a maximum of 125,000 options every three months, commencing on the third month after the date of the above agreement. The amount of options is based upon services provided by IFCIC in the preceding three months, as reviewed and determined by the Board of Directors of Columbia Metals Corporation.

Pursuant to the agreement, International Financial Consulting will provide following services in Columbia:

• Diversification of Columbia's shareholder base, with a focus on long-term investors;
• Assistance with scheduling and attendance on meetings with institutional investors, shareholders, the financial community and the media;
• Assistance with the development of a complete public relations and marketing program;
• Assistance in providing advice and guidance to Columbia, in its relationship with trade and the financial media;
• Creation and maintenance of Columbia's contact lists;
• Implementation of an effective web-based marketing strategy including regular electronic update services.

Currently, BVI-based IFCIC owns an amount of 2,871,000 common shares of Columbia Metals Corporation, representing 3.79% of company's current issued and outstanding share capital.