Aura Minerals Inc. announced completion of new offtake agreement

BVI-incorporated company Aura Minerals Inc. announced that its wholly-owned subsidiary, Aranzazu Holding S.A. de C.V., has completed a competitive bidding process for a new offtake agreement with Trafigura México, S.A. de C.V., pursuant to which Trafigura has agreed to purchase 100% of the copper and gold concentrate produced at Aranzazu during the term of the New Agreement.

The New Agreement is effective as of the beginning of 2022 and until the end of 2024. The current offtake agreement in place with IXM Metals will remain in force until the end of 2021.

As a result of a strong competitive process and improved market conditions for copper, Aura expects Aranzazu to achieve material savings under the New Agreement, improving gross margins by 4 percentage points compared to the terms of the Existing Agreement.

Biotechnology company closed private financing from BVI-registered Juvenescence Ltd.

LyGenesis, Inc., a biotechnology company focused on organ regeneration, announced the closing of US$4 million in private financing of convertible notes from BVI-registered holding company Juvenescence, Ltd. and Longevity Vision Fund. This convertible debt financing will allow LyGenesis to start transition of liver regeneration program into clinical development stage.

Greg Bailey, MD, Co-Founder and CEO of Juvenescence and a member of LyGenesis’s Board of Directors, said in his comments: “We are thrilled to continue our financial support of LyGenesis as they transition into clinical development.” Sergey Young, founder of Longevity Vision Fund, said “The progress of LyGenesis’s technology is emblematic of the rapid advances we are witnessing as biotechnology transitions from bench research, to preclinical models, and now into the clinic.”

Luxoft becomes a Global Platinum Partner of Fenergo

Luxoft Holding Inc., a BVI corporation recently purchased by DXC Technology Company, has joined the partner eco-system of Fenergo, the leading provider of client lifecycle management solutions for financial institutions. Luxoft and Fenergo will collaborate to better enable global financial institutions to implement Fenergo’s platform and launch digital transformation. The strategic alliance of the companies will enable global financial institutions to serve clients faster, and address compliance issues related to Know Your Customer (KYC) and Anti-Money Laundering (AML). The partner eco-system of Fenergo consists of 300 global organisations.

Luxoft will offer Fenergo’s clients professional consulting services to enable the rapid systems integration and deployment of Fenergo’s platform and suite of digital capabilities. Luxoft enables digital business transformation, enhances customer experiences and boosts operational efficiency through its strategy, consulting, and engineering services. 

Executive vice president of DXC Technology and president and CEO of Luxoft has commented: “Fenergo shares our vision to provide clients transformative digital solutions at scale by deploying best-in-class KYC, AML and digital onboarding capabilities with an outcome-based approach. Our partnership with Fenergo aligns with our strength and success in financial services, and presents new opportunities to grow our business, expand our partner ecosystem, and deliver exceptional value to our clients.

Luxoft Holding acquired by DXC Technology

World's leading independent IT services company DXC Technology announced the completion of the acquisition of Luxoft Holding Inc., the BVI-registered and globally working digital strategy and software engineering company. Definitive agreement to acquire Luxoft was signed in January 2019, while regulatory approval for the purchase was received on June 11, 2019.

Luxoft will continue to be headed by Dmitry Loschinin, who will report further on to DXC’s chairman, president and CEO Mike Lawrie. The BVI holding company, which has a 13,000-person workforce, providing digital strategy consulting and software engineering services for companies across North America, Europe and the Asia Pacific region, will maintain its brand and operate as “A DXC Technology Company.” 

DXC’s chairman stated in his comments on the acquisiton: “With Luxoft, DXC will cover the full spectrum of business-driven digital initiatives, from modernizing client legacy IT systems to delivering transformational digital solutions at scale… Luxoft’s proven success for global clients creates new value and benefits for all DXC stakeholders. I want to welcome the Luxoft team to the DXC family.”

By words of Luxoft’s CEO, “Joining a leading global innovator in DXC is exciting for our people, clients and partners… it’s the best of both worlds: DXC provides the scale, resources and market presence, while Luxoft brings differentiated capabilities and new digital talent. We expect our shared vision to create new market opportunities, deliver game-changing innovations and drive DXC’s growth.”

Talon Metals made initial payment to Kennecott

Talon Metals Corp. announced that Talon Nickel (USA) LLC has made the initial upfront payment to Kennecott Exploration Company, in the amount of US$6 million. The BVI company also issued 25,031,250 common shares to Kennecott, representing US$1.5 million worth of common shares at C$0.08 per share, based on the further requirement under the Option Agreement.

Kennecott Exploration, which is a subsidiary of the Rio Tinto Group, now owns 7.4% of Talon on a partially diluted basis. Under the terms of the Option Agreement, Talon now has the right to acquire up to 60% interest in the Tamarack Project. President of Talon said in his comments: "This is the beginning of exciting times ahead for the Company. We look forward to working in conjunction with our partner, Kennecott, to advance the Tamarack Project, with a strategy of producing Class 1 nickel, as well as copper and cobalt, for the electric vehicle and stationary battery market."

Chaarat acquires Kapan Mining and Processing Company CJSC

BVI-registered mining company Chaarat Gold International Limited announced the extension of the anticipated closing date for the acquisition of Kapan Mining and Processing Company CJSC from 15 January 2019 to 31 January 2019, agreed with Kapan’s vendor PTML Holding Ltd, a subsidiary of Polymetal International Plc. The extension, which followed BVI company's announcement of the acquisition of 31 December 2018, has arisen as a result of the extended winter holidays in Russia and Armenia.

Also, it has been agreed that Chaarat will grant a pledge over the shares it has acquired in Kapan in favour of Polymetal, pending receipt of the US$40 million cash payment. If payment is not completed within 10 business days, Polymetal has the right to require the transaction to be unwound. Otherwise the transaction will progress as planned, and will remain as previously described.

International Millennium Mining Corp. entered into RTO Transaction with BVI corporation

International Millennium Mining Corp. entered into a share purchase agreement with Phoenix Capital Enterprises Ltd., the company incorporated under the laws of the British Virgin Islands. This is a business combination and reverse takeover transaction according to which IMMC will acquire all of the issued and outstanding common shares of Singapore-based company Tengri Coal and Energy Pte. Limited, in exchange for newly issued common shares of IMMC.

Tengri Coal and Energy is a private company wholly owned by Phoenix, and is the whole owner of Tengri Petrochemicals LLC which holds 100% of three lignite coal mining licenses in Mongolia and 100% of Tsaidam Energy LLC, which holds a permit for the construction of a thermal power plant in Mongolia. The mining licenses and the power plant together make up the Tsaidam Energy project located in Mongolia. In June 2018, Tengri Coal & Energy entered into the share subscription agreement for a CDN$260 million equity financing facility for the Tsaidam Energy Project with GEM Global Yield Fund LLC SCS and GEM Investments America, LLC.

The reverse takeover transaction is subject to relevant regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange, of the directors of IMMC and the BVI company, and the satisfaction of closing conditions.

Upon completion of the reverse takeover transaction, the current directors of IMMC will resign, and a new board of directors of IMMC will be reconstituted. Phoenix will have the right to nominate four of the five directors. The parties anticipate that the senior management of both IMMC and Tengri Coal & Energy will be combined following completion of the transaction, with John A. Versfelt continuing as President and CEO.

Luxoft Holding acquired Swiss company focused on Avaloq implementations

Luxoft Holding, Inc. announced that it has acquired UNAFORTIS, a Swiss company specializing in business consulting, Avaloq implementation and other IT services, including testing. Avaloq is a provider of fully integrated banking software, and UNAFORTIS is one of leading partners implementing Avaloq-related services.

The acquisition will add to BVI company’s expertise in standardized software, and will enable Excelian, Luxoft Financial Services to target growing global client base in banking sector. It will also allow the company to better differentiate and compete for complex end-to-end transformational engagements.

Luxoft Holding also plans to offer Avaloq-based services beyond mostly Swiss-client base of UNAFORTIS, and to develop more wealth management and private banking clients. The BVI company expects to build a 150 to 200-engineer global practice, taking advantage of the shared markets of Excelian and recently acquired derivIT in the UK, APAC, Germany and North America, as well as core capabilities of Luxoft.

UNAFORTIS partners commented on the acquisition deal: ”We are very pleased with our alliance with Luxoft. We believe that both the company’s culture and domain expertise will make for a successful acquisition… Our company has grown significantly in the last few years and still has a deep pipeline for further growth. We will help Luxoft grow its presence in wealth management and private and retail banking with the support of our highly skilled consultants.”

Chaarat Gold Holdings completed block trade of shares

Exploration and development company Chaarat Gold Holdings Limited, domiciled in the British Virgin Islands and listed on AIM market, announced the successful completion of a block trade of 11,671,832 ordinary shares of US$0.01 each on 21 October 2016. The traded shares represent 3.3% of the issued share capital of the BVI company, and the trade was completed at a price of 8.5 pence per share to place the entire shareholding of First State Investment Management (UK) Limited. More than 50 per cent of the shares were taken by new shareholders.

Having purchased 587,647 ordinary shares, Labro Investments Limited held 113,764,572 ordinary shares of US$0.01 each, representing 32.3% of the issued share capital of Chaarat Gold Holdings. BVI company's chairman Martin Andersson has indirect beneficial interest in the majority of the Labro shares.

Following the purchase of 1,150,000 ordinary shares, non-executive director of Chaarat, Martin Wiwen-Nilsson, held 8,476,010 ordinary shares, representing 2.4% of the issued share capital of the company. Following the purchase of 2,550,000 ordinary shares, Sarastro Group Limited held 16,021,166 shares making 4.6% of the issued share capital of the company.

11,712,996 ordinary shares may be acquired by the concert party consisting of Labro, Martin Wiwen-Nilsson, Dominik Dolenec, Abingdon Trust, Willem De Geer and Sarastro, within 6 months from 1 October 2016.

BVI Holding’s Insider acquired 20,000 shares

British Virgin Islands-based holding company Thalassa Holdings Limited announced that 20,000 shares of its stock were purchased by company’s insider Francis Smulders, August. The shares were acquired at an average cost of US$0.49 per share, for a total consideration of US$9,701.81 (£6,800).

Also, WH Ireland lowered their target price on the BVI Holding company from US$1.57 (GBX 110) to $0.86 (GBX 60) and established a “buy” rating on the stock in a research report.

Thalassa Holdings Limited has a 12 month low of GBX 32.00 and a 12 month high of GBX 70.00. Its market capitalization is GBX 8.68 million.

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.

Elray Resources acquires BVI-registered gaming company

Elray Resources Inc., the established gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases, has entered into an agreement to acquire all of the outstanding shares of Golden Match, an investment holding company incorporated in the British Virgin Islands. The agreement followed a letter of intent which was signed on March 22, 2012.

The principal business activity of Golden Match is to hold a profit share agreement with a VIP Room Gaming Promoter, under which the BVI company receives 80% of the profit stream. The Promoter is currently participating in the promotion of many major luxury VIP gaming facilities in Macau, which is the largest gaming market in the world.

With immediate effect upon signing the agreement, Mr. Lao Sio I. is appointed Chairman of the Board of Directors with Brian Goodman remaining as Chief Executive of Elray Resources. As Chairman, Mr. Lao Sio I. will be responsible for the future development and growth of Elray.

Belizean bank demerges its non-Belizean businesses into BVI company

The board of Belize bank BCB Holdings Ltd., listed on the Bermuda Stock Exchange, has proposed the reorganisation of the company to its shareholders.

The proposed reorganization is through the demerger of company's non-Belizean businesses into a company Waterloo Investment Holdings Ltd., which was recently incorporated in the British Virgin Islands as the new holding company for the non-Belizean businesses.

The company intends to demerge via a declaration and payment of a dividend by BCB Holdings to shareholders, followed by a capital reduction and repayment to those shareholders satisfied by the transfer of the non-Belizean businesses and the new loan note to Waterloo.

Polo Resources Completes investment in Canadian company's assets

The British Virgin Islands-registered company Polo Resources Limited made an announcement that it has completed the acquisition of 51% interest in Nimini Holdings Limited, which owns AXMIN Inc.'s Sierra Leone Gold assets, for a cash consideration of US$7.5 million. Both Polo Resources and AXMIN now hold a 51% and 49% interest, respectively, in Nimini, which is a private British Virgin Islands company, holding 100% interest in the Sierra Leone Gold assets.

Under the terms of the deal, Polo is to solely fund the first US$2 million of the project exploration expenditures after which both parties are to jointly fund exploration expenditures on a pro rata basis. The parties who choose not to participate will face dilution of their respective interest in the project.

Executive Co-Chairman of Polo Resources, Mr. Neil L. Herbert, commented saying that these gold projects have a substantial resource upside potential and are a significant value opportunity for the company.

AXMIN Inc. is a Canadian exploration and development company working in Central and West Africa, having projects in Central African Republic, Mali, Mozambique, Sierra Leone and Senegal. The company is listed on the Toronto Stock Exchange.

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.

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.

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.

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.

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.

BVI-registered company acquires DAL Group, LLC

Chardan 2008 China Acquisition Corp., a British Virgin Islands company formed in February 2008 for the purpose of acquiring a controlling interest in an unidentified operating business, announced that it has signed a definitive agreement to enter into a business combination with DAL Group, LLC. Upon the closing of the business combination with the BVI-registered blank check company, DAL will own 100 per cent of the business and operations of Default Servicing, Inc. and Professional Title & Abstract Company of Florida and the non-legal operations supporting the foreclosure and other legal proceedings handled by the Law Offices of David J. Stern, P.A.

Upon consummation of the acquisition transaction, Chardan will change its name to DJSP Enterprises, Inc., and will continue to trade on NASDAQ under the symbols DJSP, DJSPU, and DJSPW.

Following the closing of the business combination, which is subject to customary closing conditions, including approval of the acquisition agreement by holders of a majority of BVI company's ordinary shares outstanding, DJSP Enterprises will be one of the major providers of processing services for the motrgage and real estate industries in Florida and one of the largest in the United States.