Black Birch Announces Signing of Agreement in Principle with GS International Mining

By Midnight Trader,  January 07, 2013, 03:26:01 PM EDT

Black Birch Acquisition II Corp. (BBT-P.V), a capital pool company listed on the TSX Venture Exchange has entered into a letter of intent with GS International Mining Co., Ltd. to acquire Mineral Guangshou Ecuador S.A.

Mineral Guangshou Ecuador S.A. holds a 70% interest in the Ecuador company JVChinapintza Mining S.A., which holds a 100% interest in and title to an Ecuador gold mineral property located in the Viche Conguime I Concession of the Condor Gold Project in the Zamora Province of Ecuador.

Pursuant to the terms of the letter of intent, it is currently contemplated that the acquisition will be effected by way of a three cornered amalgamation, whereby a new wholly-owned subsidiary of the corporation will amalgamate with a new subsidiary of GSI to form an amalgamated company holding 100% of Guangshou.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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