Replies to post #870 on Sunrise Consulting Group Inc (SNRS)

[lifegear]

Victor King is also the CEO of Birim Goldfields-->>

Results of shareholder meetings of Birim Goldfields Inc. and Goldcrest Resources Ltd.
Monday March 31, 12:50 pm ET


TORONTO, March 31 /CNW/ - Birim Goldfields Inc. ("Birim") (TSX: BGI - News) and Goldcrest Resources Ltd. ("Goldcrest") (TSX-V: GCL - News) are pleased to announce that their respective shareholders have approved the amalgamation ("Amalgamation") of Birim and Goldcrest to form Volta Resources Inc. ("Volta"), as previously described in a press release issued January 30, 2008. The Amalgamation is effective at midnight tonight. The common shares of Volta are expected to begin trading later this week on the Toronto Stock Exchange ("TSX") under the symbol VTR.
ADVERTISEMENT


Management of the new company will be led by a team consisting of Kevin Bullock as President and Chief Executive Officer, Victor King as Chief Operating Officer, Robert Whittall as Chief Financial Officer, and Guy Franceschi as Vice President, Exploration. Denis Simoneau will be Chairman of the new board of six directors. Birim has nominated three directors including Denis Simoneau, Victor King and Lewis Lawrick and Goldcrest has nominated three directors including Kevin Bullock, Robert Whittall and Gordon Bogden.

Pursuant to the Amalgamation, shareholders of Birim will exchange all of their Birim shares for Volta shares on the basis of 2.6 Birim common shares for each Volta common share (the "Birim Exchange Ratio"). Shareholders of Goldcrest will exchange all of their outstanding Goldcrest shares for Volta shares on the basis of 3.0 Goldcrest common shares for each Volta common share (the "Goldcrest Exchange Ratio"). Outstanding warrants and options to acquire common shares of Birim and Goldcrest will be exchanged for warrants and options to acquire common shares of Volta on the basis of the Birim Exchange Ratio and the Goldcrest Exchange Ratio, respectively. Shares of Birim and Goldcrest will continue to trade on the TSX and TSX Venture Exchange, respectively, until immediately before the Volta shares begin trading on the TSX. Such shares of Birim and Goldcrest will represent rights to acquire Volta shares.

Volta will have approximately 53,247,852 issued and outstanding common shares on an undiluted basis, 26,011,995 to be held by former Birim shareholders and 27,235,858 to be held by former Goldcrest shareholders which represents ownership of Volta of 48.9% by Birim shareholders and 51.1% by Goldcrest shareholders. Volta will have approximately 59,153,144 issued and outstanding common shares on a fully diluted basis, 29,828,953 to be held by former Birim shareholders and 29,324,191 to be held by former Goldcrest shareholders which represents ownership of Volta of 50.4% by Birim shareholders and 49.6% by Goldcrest shareholders.

Information about Volta, its exploration activities and corporate progress will be available at www.voltaresources.com once trading commences on the TSX.

Forward Looking Information Caution:

This press release presents "forward-looking statements" within the meaning of Canadian securities legislation that involve inherent risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcrest or Birim or the combined company to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to international operations, risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Goldcrest and Birim believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcrest and Birim do not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.


Neither the TSX Venture Exchange nor the Toronto Stock Exchange accept
responsibility for the adequacy or accuracy of this news release.

For further information

Birim Goldfields Inc.: Denis Simoneau, Chairman
Victor King, President & CEO, Tel: [phone], Toll Free: 1-800-721-8611, Email: [e-mail], Email: [e-mail]
Farah Alibhai, Investor Relations, Tel: [phone], Email: [e-mail], Website: www.birim.com
Goldcrest Resources Ltd.: Kevin Bullock, P.Eng., President & CEO, Tel: [phone], Fax: [phone], Email: [e-mail]
Greg Taylor, Investor Relations, Tel: [phone], Email: [e-mail], Website: www.goldcrestresources.com



--------------------------------------------------------------------------------
Source: Goldcrest Resources Ltd.; Birim Goldfields Inc.

[lifegear]

Victor King listed here as COO after Birim Goldfields merged with Volta Resources....

he's with a mining company and the SNRS email you received included Victor King acting as Corporate Development dealing with that iron ore mining deal in China

are they the same person or not?

http://www.voltaresources.com/s/Management.asp