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