Aura Minerals purchases Gold Road Mine from Para Resources Ltd

Aura Minerals Inc., the mining company incorporated in the British Virgin Islands, and Para Resources Inc. entered into a binding term sheet together with PPG Arizona Holdings LP, an affiliate of Pandion Mine Finance, LP. Pursuant the terms of the agreement, the BVI company will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Gold (USA) Corp., for nominal cash consideration and the assumption of liabilities from Para to PPG of approximately US$35mln, under the restructured pre-paid forward gold purchase agreement dated August 3, 2018. The closing of the Transactions is expected to occur on or about March 13, 2020.

Z79 is the owner of 94% interest in Gold Road Mining Corp., which owns the Gold Road Mine in Arizona, also the company owns 94% interest in TR-UE Vein Exploration, Inc., which owns different options to acquire parcels of land adjacent to the Gold Road Project.

President and CEO of the BVI company Mr. Rodrigo Barbosa said today: “We believe that Gold Road has a good strategic fit with Aura’s portfolio. With our technical and managerial expertise we should be able to help Gold Road unlock value and grow.”

JA Solar received takeover bid from BVI company

JA Solar Holdings Co., world leading manufacturer of high-performance solar power products, received a non-binding takeover offer from its Chief Executive Baofang Jin, and Jinglong Group Co. Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director. The offer is for US$6.80 in cash per American depositary share, which represents five ordinary shares, or US$1.36 per ordinary share.

The offer will be reviewed with financial and legal advisers. It is said in the statement issued by JA Solar Holdings: "The special committee cautions the company's shareholders and others considering trading in the company's securities that no decision has been made by the special committee or the board with respect to the revised proposal."

Alphamin and its BVI subsidiary acquires 100% control of exploration project in Congo

Alphamin Resources Corp., the Canadian company focused on mineral exploration in America and listed on Toronto Stock Exchange, announced that it and its British Virgin Islands subsidiary Alphamin BVI acquired an additional 20% of Mining and Processing Congo Sprl, by the issuance of 19,335,747 Alphamin shares. This acquisition, made under the agreement with Kivu Resources Ltd., which was signed in March 18, 2011, will increase Alphamin BVI’s ownership of Mining and Processing Congo to 90%.

Also, Alphamin and Alphamin BVI have entered into an agreement with Kivu to acquire the final 10% of Mining and Processing Congo. Under this agreement, the BVI company will own all of the issued shares of Mining and Processing Congo, in consideration for the issuance of additional 9,664,253 shares to Kivu. As a result of both transactions, an aggregate 29,000,000 shares are to be issued, and Alphamin will have 103,444,571 shares issued and outstanding.

Mining and Processing Congo is the owner of the licences on the exploration of the Bisie Tin Project in the Democratic Reoublic of the Congo.

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.

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.

Egyptian, BVI and UAE investors offer to buy Alexandria Medical Services

The Egyptian investor has made an offer to medical equipment firm Alexandria Medical Services with purpose to buy it for 102.9 mln Egyptian pounds, meaning that all the 1.4 million shares of the firm will be bought at a price of 73.5 pounds per share.

This is the highest bid for the company, earlier this month an Indian investor who runs healthcare business in the United Arab Emirates offered to buy Alexandria Medical Services for 100.8 mln pounds , or 72 pounds per share. Also, the previous offer of 100 percent takeover made by the British Virgin Islands-based company Short Hills Development was 65 pounds a share.

The current offer of the investor, who is the chairman of the board of Egyptian pesticide firm Agrochem, also based in Alexandria, brought the number of offers for the medical firm to three.

BVI corporation owned Australian takeover vehicle has made the takeover bid to Indophil Resources NL

Stanhill Resources Pty Ltd, the company owned by the BVI holding company Stanhill Capital Limited (BVI), published the notice that it has completed sending bidder's statement dated August 20, 2008, to all shareholders of the company Indophil Resources NL, registered in this status on August 15, 2008.

Stanhill Resources Pty Ltd was incorporated on 10 July 2008 in Victoria, Australia, for the specific purpose of making the Offer, and it has not undertaken any business other than connected with the Offer. Currently Stanhill Resources Pty Ltd has 100 ordinary shares of issue, all of them are owned by Stanhill Capital Limited, domiciled in the British Virgin Islands.

If the Offer is successful, the Australian company will continue to be wholly owned by the BVI holding company Stanhill Capital Limited. Stanhill Capital BVI Limited will have on issue ordinary shares and non-voting redeemable preference shares, approximately 92% of which be owned by Crosby Buyout BVI Limited, another holding company incorporated in BVI, 7.5% will be owned by Alsons Corporation, 0.1% will be owned by Crosby Investment Holdings, and 0.4% - by Mr Richard Laufmann.

Crosby Buyout BVI Limited has entered into a subscription agreement with Stanhill Capital BVI Limited under which Crosby Buyout agreed to subscribe for ordinary shares and redeemable preference shares in Stanhill Capital, for an amount up to US$500 mln.

The redeemable preference shares are redeemable at the option of Stanhill Capital BVI Limited, and not at the option of the Crosby Buyout BVI Limited. The only restrictions on the availability of the funds under the subscription agreement are:

• the funds will only be available in respect of a subscription notice given by Crosby Buyout BVI Limited before 30 March 2009;
• the availability of the funds is conditional on Stanhill and its associates, acquiring a relevant interest in at least 90% of Indophil shares;

If the above conditions will be satisfied, Stanhill Capital BVI Limited can require that Crosby Buyout BVI Limited makes funds available to Stanhill Capital BVI Limited, before Stanhill Capital Limited (BVI) is required to provide funding to Stanhill Resources Pty Ltd.