October 31st, 2011
Chaarat Gold Holdings Limited, the British Virgin Islands-registered company focused on the exploration and development of mineral resources in the western part of the Kyrgyz Republic, has been notified that on 21 and 24 October 2011 company’s Non-Executive Chairman Christopher Palmer-Tomkinson purchased an aggregate of 100,000 ordinary shares of US$0.01 each in the BVI company at an average price of 27p per share.
After these purchases, company’s chairman has a beneficial interest in 10,100,000 shares that represent approximately 4% of company’s issued share capital.
Posted in BVI company holdings, Sales of shares | No Comments »
October 17th, 2011
British Virgin Islands-registered international public company Orca Exploration Group Inc. announced its intention to initiate a Normal Course Issuer Bid for purchase of its Class “B” Subordinate Voting Shares through the facilities of the TSX Venture Exchange. Purchases made pursuant to the Bid will not exceed 1,701,345 of the Class “B” shares of Orca representing up to 5% of the total amount of 34,026,900 Class “B” shares. The Bid provisions will be in effect from October 10, 2011 to October 9, 2012.
Orca Exploration Group believes that the purchase of Class “B” shares under the Bid will contribute to the facilitation of an orderly market and be in the best interests of the BVI corporation and its shareholders. The Class “B” shares will be purchased by Orca on the open market exclusively through the facilities of the TSX Venture Exchange pursuant to its rules governing normal course issuer bids.
Posted in Financing | No Comments »
October 4th, 2011
The British Virgin Islands-registered company Chaarat Gold Holdings Limited announced unaudited results for the six month period ended 30 June 2011. By words of Chief Executive Officer of Chaarat, the BVI company has sustained progress with both exploration and on planning and initiating the infrastructure for the mining operation. He also said that the proceeds of the placing completed in February are starting to be deployed, whilst resource base continues to grow as expected.
According to the Consolidated income statement of the BVI company for the six months period, company’s financial income was USD 806,895 (compared to 8,270 in the same period of 2010). In the consolidated balance sheet of the company as of 30 June 2011, there are the following figures: total assets of the company are USD 95,126,962 , reported share capital is USD 2,503,562, accumulated losses of the BVI company are USD 92,387,842.
Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic. Currently company’s main activities are the development of the Kiziltash Project and the Tulkubash Project situated within the Middle Tien Shan Mountains of Kyrgyzstan.
Posted in Financial results of BVI Company Holdings, Unaudited financial results | No Comments »
September 22nd, 2011
Pansoft Company Limited, a British Virgin Islands-registered provider of ERP software and professional solutions for oil and gas industry in China, has signed an agreement to acquire all of the equity interests of Hefei Langji Technology Co., Ltd. and its wholly-owned subsidiary, Shanghai Zhongrui, on September 9, 2011. The total purchase price of the company, which is approximately US$1.69 million, is payable in four installments. The first installment will represent 35% of the total purchase price, and will be paid in a combination of cash and the common stock of the BVI company; the three other installments are required to be paid on an annual basis over the next three years in a combination of cash and the common stock of the company.
One of the companies acquired by Pansoft, Hefei Langji Technology, is the leading HR solution provider to China’s coal-mining industry. Shanghai Zhongrui is Shanghai-based sales and marketing arm of Langji. It will remain Langji’s subsidiary and will focus on small and medium-sized companies in other industries.
A part of the acquisition consideration will be paid from shares repurchased by Pansoft on the open market. As of September 15, 2011, Pansoft had repurchased more than 157,000 of its common shares, which will be used to fund the acquisition.
Posted in BVI Company projects, BVI company acquisitions, BVI company contracts | 1 Comment »