Replies to post #292530 on The Hunt for the Next 10 Bagger

[NJ_TOAD]

GPGD>>>>Grand Pacaraima Gold Corporation Announcing Approval of Merger With PT JASMINE EKA KARYA

VERNON, BC, Jun 04, 2010 (MARKETWIRE via COMTEX) -- Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announces preliminary board approval to acquire PT JASMINE EKA KARYA ("Jasmine") and merge certain assets, of a related entity, into GPGD, subject to satisfactory completion of due diligence process and controlling shareholders approval. These assets are to include B&E Resources, Ltd, a general and marine offshore oil rig maintenance and construction company with over 20 years' experience in the industry. B&E Ltd has acquired a contract to upfit three simi submergible oil drilling rigs to be acquired by Pemex S.A., the Mexican National Oil Company. This transaction represents the company's mergers and acquisition strategy.








om/images/marine_rig.jpg[/chart]