British Virgin Islands-based private company Van Hoof Industrial Holdings Ltd. made an announcement that on June 18 it acquired ownership of 9,601,600 common shares of NSGold Corporation. This amount represents 31.89% of the full stock of common shares, both issued and outstanding, of NSGold. Of them, 8,201,600 shares were acquired by Van Hoof Industrial Holdings at a deemed price of $0.25 per share, pursuant to a Qualifying Transaction.
The BVI holding also acquired 700,000 common share purchase warrants of NSGold, representing 4.79% of its issued and outstanding warrants. The shares and warrants acquired by Van Hoof in the private placement are subject to a “hold period” which is to expire on October 19, 2010.
By terms of the purchase agreement, Van Hoof Industrial Holdings Ltd. may from time to time acquire ownership, control or direction over additional securities of NSGold Corporation. The shares and warrants of NSGold Corporation were acquired by the BVI holding for investment purposes.
Monday, July 19, 2010
Monday, July 12, 2010
CanAsia Financial entered into agreement with BVI-registered Mondeo Development Group
CanAsia Financial Inc. entered in an arm's length agreement dated May 1, 2010 with HK resident Mr. Jacky Chak-Sun Cheng and British Virgin Islands-registered private company Mondeo Development Group Ltd. Under the terms of this agreement, CanAsia will acquire through a series of transactions all of the issued and outstanding securities of the BVI company, and, indirectly, all the securities of Mondeo's subsidiaries.
Currently Mondeo has 360 common shares held by Mr. Cheng. The BVI company owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. and Pacific Optical owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. It is expected that prior to entering into the definitive agreement governing the transaction Mr. Cheng will sell 70 Mondeo shares to various arm's length investors, for cash consideration of $947,917. Each investor will also enter into agreement with CanAsia whereby they agree to sell their shares in BVI company to CanAsia.
On May 21, pursuant to the agreement, Mr. Cheng invested HK$8 million (approximately CDN$1 million) in consideration for a 38.4% equity stake in Pacific Shenzhen.
The Transaction will be Company's "Qualifying Transaction" in accordance with the policies of the TSX Venture Exchange. Completion of the Transaction is expected to take place on or before July 31, 2010. After closing, CanAsia will be the "Resulting Issuer" operating in the technology sector and the operations of Mondeo will be the Company's main business.
Currently Mondeo has 360 common shares held by Mr. Cheng. The BVI company owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. and Pacific Optical owns all of the issued and outstanding securities of Pacific Optical Technologies Ltd. It is expected that prior to entering into the definitive agreement governing the transaction Mr. Cheng will sell 70 Mondeo shares to various arm's length investors, for cash consideration of $947,917. Each investor will also enter into agreement with CanAsia whereby they agree to sell their shares in BVI company to CanAsia.
On May 21, pursuant to the agreement, Mr. Cheng invested HK$8 million (approximately CDN$1 million) in consideration for a 38.4% equity stake in Pacific Shenzhen.
The Transaction will be Company's "Qualifying Transaction" in accordance with the policies of the TSX Venture Exchange. Completion of the Transaction is expected to take place on or before July 31, 2010. After closing, CanAsia will be the "Resulting Issuer" operating in the technology sector and the operations of Mondeo will be the Company's main business.
Friday, July 9, 2010
BVI-registered holding signs MoU to acquire full stake in COG Holding
Sino Invent Holdings Limited, a British Virgin Islands-registered company and a wholly-owned subsidiary of China Oil And Gas Group Limited, signed a memorandum of understanding with Sino Advance Holding Limited, an investment holding company also incorporated in BVI. Subject to the MoU, Sino Invent will acquire a 100% stake in HK-based China Oil and Gas Group (Holdings) Limited (COG Holdings). Pursuant to the agreement, China Oil and Gas will pay a refundable deposit in the amount of US$25.66 million to Sino Advance.
China Oil and Gas Group is an investment holding company engaged in natural gas and energy related business. COG Holdings is holding 70% stake in the joint venture company Shandong Shuanghe Mining, engaged in the exploration and exploitation of coal mines.
China Oil and Gas Group is an investment holding company engaged in natural gas and energy related business. COG Holdings is holding 70% stake in the joint venture company Shandong Shuanghe Mining, engaged in the exploration and exploitation of coal mines.
Monday, July 5, 2010
Canfe Ventures signed letter agreement with BVI-registered companies
A capital pool company Canfe Ventures Ltd. entered into a letter agreement with companies Fame Oriented Holding Limited, Baron Natural Resources Co. Ltd. (BNR) and Eagle Action Co. Ltd. (EA), all of them being registered in the British Virgin Islands, to acquire 87.5% of the issued and outstanding shares of Fame. The agreement was signed on June 4, 2010.
BVI company Fame Oriented Holding and its wholly-owned subsidiary Nevada-incorporated Golden Fame (USA) Inc. are privately held junior mining companies holding the rights to earn a 100% interest in the Arizona-located Goldridge Property.
By terms of the agreement, Canfe shall issue to the vendors 16,000,000 of its common shares at a deemed price of US$0.15 per share. That makes approximately 53% of the outstanding shares of Canfe immediately after the closing of the transaction. Upon completion of transaction, the BVI company shall repay BNR's shareholder loan totaling US$400,000.
Canfe will issue 1,016,667 common shares to an arm's length party as a finder's fee in connection with the transaction.
Trading of the common shares of the company has been halted in connection with this news release, and will recommence at such time as the TSX-V may determine, upon the completion of certain requirements pursuant to TSX-V Policy 2.4.
BVI company Fame Oriented Holding and its wholly-owned subsidiary Nevada-incorporated Golden Fame (USA) Inc. are privately held junior mining companies holding the rights to earn a 100% interest in the Arizona-located Goldridge Property.
By terms of the agreement, Canfe shall issue to the vendors 16,000,000 of its common shares at a deemed price of US$0.15 per share. That makes approximately 53% of the outstanding shares of Canfe immediately after the closing of the transaction. Upon completion of transaction, the BVI company shall repay BNR's shareholder loan totaling US$400,000.
Canfe will issue 1,016,667 common shares to an arm's length party as a finder's fee in connection with the transaction.
Trading of the common shares of the company has been halted in connection with this news release, and will recommence at such time as the TSX-V may determine, upon the completion of certain requirements pursuant to TSX-V Policy 2.4.
Tuesday, June 29, 2010
Afren plc to acquire Black Marlin Energy
Black Marlin Energy Limited, British Virgin Islands-registered company engaged in oil and gas exploration in East Africa, entered into a definitive agreement with Afren plc, providing for the acquisition of Black Marlin by Afren. Upon completion of the arrangement, Black Marlin would become a wholly-owned subsidiary of Afren.
Under the terms of the agreement, each shareholder of Black Marlin will receive 0.3647 of a common share of Afren for each common share of Black Marlin held. The transaction will be completed pursuant to a scheme of arrangement under the laws of the British Virgin Islands. Upon completion, Black Marlin security holders will own approximately 7.9%, and Afren security holders will own approximately 92.1% of the combined company.
It is expected by the companies that the combination will provide many benefits both to Afren and Black Marlin.
Afren plc is an African focused independent oil and gas exploration and production company, having interests and operating in Ghana, Côte d'Ivoire and Nigeria. Afren also has minority exploration interests in Congo Brazzaville and the Joint Development Zone of Nigeria - São Tomé & Príncipe.
Under the terms of the agreement, each shareholder of Black Marlin will receive 0.3647 of a common share of Afren for each common share of Black Marlin held. The transaction will be completed pursuant to a scheme of arrangement under the laws of the British Virgin Islands. Upon completion, Black Marlin security holders will own approximately 7.9%, and Afren security holders will own approximately 92.1% of the combined company.
It is expected by the companies that the combination will provide many benefits both to Afren and Black Marlin.
Afren plc is an African focused independent oil and gas exploration and production company, having interests and operating in Ghana, Côte d'Ivoire and Nigeria. Afren also has minority exploration interests in Congo Brazzaville and the Joint Development Zone of Nigeria - São Tomé & Príncipe.
Wednesday, June 23, 2010
BVI-based City Zone Holdings completed share exchange and closed $10.8 Mln private placement
Anslow + Jaclin, LLP, a securities and corporate law firm providing legal and business expertise for its domestic and international clients and focused on representation of public companies listed on US stock exchanges, represented British Virgin Islands-registered company City Zone Holdings Limited in a reverse acquisition of Eco Building International, Inc., and simultaneous financing transaction. By terms of this transaction, the BVI company became a wholly-owned subsidiary of Eco Building, which received full stock of the issued and outstanding ordinary shares of City Zone Holdings.
At the same time, City Zone Holdings Limited closed a private placement, consisting of convertible preferred shares and warrants on the amount of approximately US$8.21mln. The BVI company was also advised by Anslow + Jaclin on the second closing for additional amount of approximately $2.59 million. The aggregate aggregate financing made approximately $10.8 million.
City Zone Holdings Limited, through its subsidiaries, is an emerging organic and non-rganic agricultural products distributor in the Shanxi Province of China. The company is engaged in procuring, processing, marketing and distributing various grain and corn products.
At the same time, City Zone Holdings Limited closed a private placement, consisting of convertible preferred shares and warrants on the amount of approximately US$8.21mln. The BVI company was also advised by Anslow + Jaclin on the second closing for additional amount of approximately $2.59 million. The aggregate aggregate financing made approximately $10.8 million.
City Zone Holdings Limited, through its subsidiaries, is an emerging organic and non-rganic agricultural products distributor in the Shanxi Province of China. The company is engaged in procuring, processing, marketing and distributing various grain and corn products.
Wednesday, June 16, 2010
Pansoft acquires full stock of Beijing ITLamp Technology
Pansoft Company Limited, a British Virgin Islands-registered provider of software ERP solutions and on-demand customized services for oil and gas industry in China, announced that it has signed an agreement for the acquisition of 100 per cent equities of Beijing ITLamp Technology Co., Ltd., for approximately US$3.07 mln. US$1.17 mln of this sum will be paid in cash and the balance in restricted Company stock (approximately US$1.90 mln).
The purchased company is an IT solution and service provider servicing oil companies with digital desktop office platform, material supply system, analytical and test system. ITLamp has developed over 20 software programs in different areas of the oilfield operations. The major customer of ITLamp is PetroChina Tarim Oilfield Company.
According to Pansoft's announcement, the BVI company will leverage ITLamp's customer base and solutions to increase its presence in the oilfield market segment. Also, ITLamp's core proprietary technologies will be combined with Pansoft's solution portfolio and technology platform, and provide higher quality services and more comprehensive solutions to its clients.
Hugh Wang, Chairman of BVI company's Board, said that, following the acquisition of Hongao Power's technology and service, Pansoft reached another important milestone in its expansion plan for 2010 with the acquisiton of ITLamp.
The purchased company is an IT solution and service provider servicing oil companies with digital desktop office platform, material supply system, analytical and test system. ITLamp has developed over 20 software programs in different areas of the oilfield operations. The major customer of ITLamp is PetroChina Tarim Oilfield Company.
According to Pansoft's announcement, the BVI company will leverage ITLamp's customer base and solutions to increase its presence in the oilfield market segment. Also, ITLamp's core proprietary technologies will be combined with Pansoft's solution portfolio and technology platform, and provide higher quality services and more comprehensive solutions to its clients.
Hugh Wang, Chairman of BVI company's Board, said that, following the acquisition of Hongao Power's technology and service, Pansoft reached another important milestone in its expansion plan for 2010 with the acquisiton of ITLamp.
Friday, June 11, 2010
Orsu Metals Corporation to buy full stock of BVI-registered Eildon Enterprises Limited
Orsu Metals Corporation, London-based precious and base metals exploration and development company, announced that it has signed a binding sale and purchase agreement for the acquisition of another 24.73 per cent interest in the Karchiga Project, by purchasing the remaining outstanding shares of Eildon Enterprises Limited.
Eildon Enterprises is a British Virgin Islands-registered company, which is the owner of a 94.75 per cent interest in GRK MLD LLC. MLD is the holder of the contract relating to the Karchiga volcanogenic massive sulphide deposit in Kazakhstan granted by the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan in 2007 and valid until 2022.
Orsu Metals currently owns 73.9 per cent of the share capital of Eildon Enterprises, representing 70.02 per cent in MLD. Upon the completion of the acquisition Orsu will become the full owner of the BVI corporation; 100 per cent in Eildon will represent 94.75 per cent of MLD and its interest in the Project.
The proposed acquisition deal is proposed to be completed during the third quarter of 2010. The purchase price of the remaining 26.1 per cent interest in Eildon is US$6,187,500, to be paid in cash at the closing of the transaction.
Eildon Enterprises is a British Virgin Islands-registered company, which is the owner of a 94.75 per cent interest in GRK MLD LLC. MLD is the holder of the contract relating to the Karchiga volcanogenic massive sulphide deposit in Kazakhstan granted by the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan in 2007 and valid until 2022.
Orsu Metals currently owns 73.9 per cent of the share capital of Eildon Enterprises, representing 70.02 per cent in MLD. Upon the completion of the acquisition Orsu will become the full owner of the BVI corporation; 100 per cent in Eildon will represent 94.75 per cent of MLD and its interest in the Project.
The proposed acquisition deal is proposed to be completed during the third quarter of 2010. The purchase price of the remaining 26.1 per cent interest in Eildon is US$6,187,500, to be paid in cash at the closing of the transaction.
Monday, June 7, 2010
Siva Group through BVI company acquired 23.5 percent of Nordic Tankers
Nordic Tankers A/S, the Danish shipping company headquartered in Copenhagen and listed on the OMX Nordic Exchange, issued a major shareholder announcement, reporting that SIVA Group have informed Nordic Tankers that through the British Virgin Islands-registered company Broadcourt Investments Limited, and Siva Shipping Singapore Pte Ltd, Singapore have acquired total amount of 8,862,173 shares in Nordic Tankers A/S. By this acquisition, the company will indirectly hold 23.47 per cent of the share capital and the voting rights in Nordic Tankers A/S.
Also, Siva Group informed that the shares held by the BVI company Broadcourt Investments, within the few days will be transferred to Siva Shipping Singapore Pte Ltd.
Also, Siva Group informed that the shares held by the BVI company Broadcourt Investments, within the few days will be transferred to Siva Shipping Singapore Pte Ltd.
Monday, May 31, 2010
Seanergy Maritime Holdings Corp. signs LoI with BVI holding
Seaenergy Maritime Holdings Corp., a Marshall Islands corporation specializing in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers, entered into a Letter of Intent with a British Virgin Islands company Maritime Capital Shipping (Holdings) Limited, with the purpose to acquire a 51% ownership interest in Bermuda-based Maritime Capital Shipping Limited (MCS), for USD$33mln. The BVI company will retain a 49% interest in Maritime Capital Shipping Limited.
The final purchase agreement between Maritime Capital Shipping (BVI) and Seaenergy Maritime Holdings Corp. is expected to be signed by June 1, 2010.
The current controlled fleet of Seaenergy Maritime Holdings comprises 11 drybulk carriers with a total carrying capacity of 1,043,296 dwt. As a result of the acquisition, the size of company's fleet will make 20 dry bulk vessels with a combined cargo-carrying capacity of approximately 1,292,532 dwt.
MCS is headquartered in Hong Kong, and is engaged in providing international maritime transportation services through its ownership of dry bulk vessels.
Monday, May 24, 2010
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.
Monday, May 17, 2010
Everest announced update on its business combination with the BVI company
Everest Ventures Corp. provided an update to its announcement of the acquisition of the BVI company Estrella Overseas Limited, informing that on April 30, 2010, it has entered into a merger agreement among itself, its wholly-owned subsidiary in the British Virgin Islands, Everest (BVI) Limited, and Estrella Overseas Limited.
By terms of this agreement, Estrella will merge with Everest BVI, Estrella being the surviving entity. All of the outstanding securities of Estrella will be exchanged for securities of Everest. The merger shall constitute qualifying transaction, upon closing of which Estrella will become Everest's wholly-owned subsidiary, which will change its name to Estrella Energy Services Ltd. Also, the previously announced non-brokered private placement of US$2mln by Everest will now be completed by Estrella. The private placement is expected to close on May 7, 2010 or on other date as determined by Estrella.
On March 22, 2010, when the first press release was issued, common shares of Everest were suspended. The corporation was given the term until June 24, 2010 to either complete a qualifying transaction or transfer to NEX, which is a separate trading board of the TSXV, - otherwise it will be delisted. If Everest Corp. transfers to the NEX prior to closing, it may still complete the qualifying transaction, and then its shares will return to trading on the TSX.
Tuesday, May 11, 2010
EIH Ltd buys 46 per cent stake in BVI-based joint venture
EIH Limited, India-based hospitality firm whose principal activities are operating restaurants, bars and hotels, made an announcement that its board has approved buying 45.85 percent stake in its international joint venture EIH Holdings LTD, incorporated under the law of the British Virgin Islands, for US$45.85 million. EIH Ltd announced that its wholly-owned unit will acquire the equity interest of its partner Amex Investment Ltd in the joint venture.
EIH Ltd currently holds a 54.15 percent stake in the joint venture firm through its subsidiary, EIH International Ltd., British Virgin Islands. Pursuant to the deal it will become the whole owner of the JV.
Eastern International Hotels (EIH) Limited operates in two segments: hotels and others. Its services include airline catering, management of restaurants and airport bars, travel and tour services, car rental, project management and corporate air charters.
The BVI-registered joint venture has investments in hotels in Mauritius and Indonesia, and hotel management contracts in various countries.
EIH Ltd currently holds a 54.15 percent stake in the joint venture firm through its subsidiary, EIH International Ltd., British Virgin Islands. Pursuant to the deal it will become the whole owner of the JV.
Eastern International Hotels (EIH) Limited operates in two segments: hotels and others. Its services include airline catering, management of restaurants and airport bars, travel and tour services, car rental, project management and corporate air charters.
The BVI-registered joint venture has investments in hotels in Mauritius and Indonesia, and hotel management contracts in various countries.
Thursday, May 6, 2010
Pansoft acquires 55% equity stake in Shandong HongAo Power Technology
Pansoft Company Limited, the BVI-registered company providing software service and solutions for enterprise resource planning for the oil and gas industry in PRC, announced on April 26, 2010 that it has signed an agreement to acquire a 55 per cent equity stake in Shandong HongAo Power Technology Co., Ltd, for approximately US$2.6mln.
Shandong HongAo Power is an IT-based technology solution and service provider focused on energy-saving and pollution-reducing solutions for the thermal power generation industry in China. The company has approximately 40 customers in China, most of them are termal power plants in the Shandong Province, which is one of the largest thermal power generation bases in northern China. They have over seven proprietary solutions, including five software copyrights and five patents.
According to the Chairman of Board of Pansoft Company Limited, acquisition of HongAo Power's technology and service will expand company's current ERP solutions' market into the power generation industry. He said that the BVI company may further increase its ownership in Shandong HongAo Power. The company also expects to have additional acquisition projects in 2010.
Shandong HongAo Power is an IT-based technology solution and service provider focused on energy-saving and pollution-reducing solutions for the thermal power generation industry in China. The company has approximately 40 customers in China, most of them are termal power plants in the Shandong Province, which is one of the largest thermal power generation bases in northern China. They have over seven proprietary solutions, including five software copyrights and five patents.
According to the Chairman of Board of Pansoft Company Limited, acquisition of HongAo Power's technology and service will expand company's current ERP solutions' market into the power generation industry. He said that the BVI company may further increase its ownership in Shandong HongAo Power. The company also expects to have additional acquisition projects in 2010.
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