GPGD Grand Pacaraima Gold Corporation Has Signed the "Agreement and Plan of Merger/Acquisition" and Completed Its Merger/Acquisition
Today : Wednesday 15 September 2010
Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announced today that the board of directors finalized the merger with Jasmine EKA Karya, Inc., a US Corporation, with the signing of the "Agreement and Plan of Merger/Acquisition."
David Nolan, CEO of Jasmine, believes this merger will greatly enhance the Company's ability to complete a number of domestic and international contracts now under negotiations, relating mainly to the petrochemical industry.
GPGD Board of Directors commented, "This transaction should be a positive move for GPGD's existing shareholders. Our commitment is to provide increased equity and shareholder value on a continuing basis through the continued acquisition of new assets, mergers, acquisitions, expansion and development of our existing holdings."
About Jasmine EKA Karya Inc.
Jasmine EKA Karya Inc., a US Corporation is headed up by David Nolan, as its Chief Executive Officer (CEO). Jasmine was formed as a commodity trading company dealing in the petroleum industry. Their main emphasis as a General Contractor is petrochemical infrastructure in construction of drilling rig, refineries, ports and energy related projects.
About Grand Pacaraima Gold Corp. (GPGD) -- www.GPGD.PK
The Company's principal business has been the acquisition of mining and mineral properties. Management's new emphasis is on energy projects, mergers and acquisitions related to the energy industry.
Forward-Looking Statements: Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
This info is not to be construed as a solicitation to buy/sell securities. Hdogtx reserves the right to either BUY/SELL shares in a company's stock he mentions.
This info is not to be construed as a solicitation to buy/sell securities. Hdogtx reserves the right to either BUY/SELL shares in a company's stock he mentions.
