B2 Digital, Inc. BTDG.PK Receives All Cash Offer for Shares(Hot Penny Stocks) 13 July, 2011 B2 Digital, Inc. (Pink Sheets:BTDG - News) announces it has received an all cash offer from an Investor Group for all the outstanding shares of the Company. A Special meeting of the Board of Directors has been called to consider the offer which is scheduled for 9:00 AM this morning EST.
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
B2 Digital, Inc. (Pink Sheets:BTDG) announced today it has entered into preliminary discussions with an Asian investment fund which has expressed strong interest in investing up to $20 million dollars to accelerate the development of the mining leases B2 Digital is now managing under the terms of the new Joint Venture Agreement with Firma Gold.
Stephane LeBlanc, President of Firma Gold, Inc., said, "We made initial contact with this investor group some time ago and their interest has heightened since we have now found a Joint Venture Partner in B2 Digital." Mr. LeBlanc continued, "This fund is particularly interested in B2 Digital's status as a publicly traded company, as well as their ability to attract and recruit management with extensive expertise."
Firma Gold's ownership of mining leases at Courville and Larienne Quebec have estimated gold reserves of over 1.5 million ounces, based upon geologists reports and an NI 43-101 technical report drilled to 50 meters. The properties are in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold. In February of this year, Montreal-based Osisko Mining (TSX:OSK) announced an estimated 9 million ounce gold reserve estimate for its Malartic open pit project in Quebec.
B2 Digital President, Paul LaBarre, stated, "The ongoing dialogue for this major investment initiated by Firma Gold is a very positive development. We believe it validates the opportunity this Joint Venture holds for our shareholders. Even though we are in the initial stages of these negotiations with the terms yet to be agreed upon, we are very excited about the potential."
Mr. LaBarre further commented that "B2 Digital is presently considering a name change to better reflect its change in business direction with its primary focus within the resource and mining sector."
B2 Digital (Pink Sheets:BTDG), dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves, today announces its Board of Directors has executed a Definitive Joint Venture Agreement with Firma Gold, Inc. The Definitive Joint Venture Agreement pertains to the mining exploration leases owned by Firma Gold Inc. in Landrienne and Courville, Quebec.
The Definitive Joint Venture Agreement between Firma Gold, Inc. and B2 Digital Inc. includes terms and conditions customary for transactions similar in nature.
Under the terms of the Agreement, B2 Digital, Inc. will immediately assume management control of all the exploration leases owned by Firma Gold in Ladrienne and Courviile Quebec as the Managing JV Partner. Additionally, B2 Digital will be responsible for funding the exploration, operation, and, if required, the disposition of the Firma Gold properties. In return, B2 Digital, Inc. will receive 90% of the net profit after deduction of any capital or operating costs incurred in their role as JV Managing Partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.
Stephane LeBlanc, President of Firma Gold, Inc. said, "We are extremely pleased to welcome B2 Digital as our Managing Joint Venture Partner and look forward to utilizing their fresh approach and enthusiasm to help extract maximum value from our Quebec properties located in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold," Mr. LeBlanc continued, "Based upon an NI 43-101 technical report drilled to 50 meters, the geologists have estimated gold reserves of over 1.5 million ounces."
B2 Digital, Inc. President, Paul LaBarre, stated, "We are excited to assume control of mining leases with such strong potential. It is a great addition to our portfolio of mining assets." Mr. LaBarre went on to say, "This partnership gives us access to additional exploration upside, with minimal risk and we look forward to a long and mutually beneficial relationship with our JV Partners at Firma Gold."
B2 Digital, Inc. (Pink Sheets:BTDG) announced today it has entered into two separate Debenture Subscription Agreements providing for up to $2,000,000 in financing that can now be allocated primarily towards the Firma Gold Joint Venture enabling B2 Digital to accelerate its efforts at the properties located in Quebec.
The debenture will also assist B2 Digital in its efforts for making additional acquisitions, as well as exploration and expansion of the property claims of their mining subsidiaries. This bridge financing will also enable B2 Digital to organize and prepare for additional rounds of financing as required.
The debenture is convertible at $0.10 per share.
In May, B2 Digital provided an update outlining its strategy of maximizing shareholder value by entering the field of mineral exploration through acquisitions and joint ventures. This strategy included building a portfolio of mineral properties and advancing the properties through exploration or select joint ventures.
B2 Digital President, Paul LaBarre stated, "The next phase of our business model entails building shareholder value through exploration and by seeking joint venture partners such as Firma Gold Inc. who we have just recently entered into a binding Letter of Intent. Our enthusiasm builds as we compile data on our projects, however, we recognize the fact that our plans require a bridge financing facility for funding future exploration and research."
B2 Digital, Inc. (Pink Sheets:BTDG): Paul LaBarre, CEO, President and Stephane Leblanc, President of Firma Gold, Inc., are pleased to jointly announce the companies have entered into a binding addendum to the LOI signed September 6, 2010 with respect to the mining exploration leases owned by Firma Gold, Inc. in Landrienne, Quebec. According to Firma Gold, the gold reserves on the property are 1.5 million ounces.
Stephane Leblanc, President of Firma Gold, Inc., said, "Based upon an NI 43-101 technical report drilled to 50 meters, the geologists have estimated gold reserves of over 1.5 million ounces. We are excited about this potential Joint Venture with B2 Digital and look forward to working with them." Mr. Leblanc continued, "The properties are in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold."
As per the LOI, both parties agree to enter into a formal Joint Venture Agreement on or before October 15, 2010. Under the terms of the Joint Venture Agreement, B2 Digital, Inc. will be responsible for the funding, exploration, operation, and disposition of the Firma Gold properties. In return, B2 Digital, Inc. will receive 90% of the net profit after deduction of capital or operating costs incurred in their role as JV partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.
B2 Digital, Inc. President, Paul LaBarre, stated, "We are excited to introduce our shareholders to properties of this caliber. As a result of our relationships in the industry, we are able to enter into Letters of Intent to Joint Venture on properties like these owned by Firma Gold."
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets.
B2 Digital, Inc. BTDG.PK Receives All Cash Offer for Shares(Hot Penny Stocks) 13 July, 2011 B2 Digital, Inc. (Pink Sheets:BTDG - News) announces it has received an all cash offer from an Investor Group for all the outstanding shares of the Company. A Special meeting of the Board of Directors has been called to consider the offer which is scheduled for 9:00 AM this morning EST.
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
B2 Digital, Inc. (Pink Sheets:BTDG) announced today it has entered into preliminary discussions with an Asian investment fund which has expressed strong interest in investing up to $20 million dollars to accelerate the development of the mining leases B2 Digital is now managing under the terms of the new Joint Venture Agreement with Firma Gold.
Stephane LeBlanc, President of Firma Gold, Inc., said, "We made initial contact with this investor group some time ago and their interest has heightened since we have now found a Joint Venture Partner in B2 Digital." Mr. LeBlanc continued, "This fund is particularly interested in B2 Digital's status as a publicly traded company, as well as their ability to attract and recruit management with extensive expertise."
Firma Gold's ownership of mining leases at Courville and Larienne Quebec have estimated gold reserves of over 1.5 million ounces, based upon geologists reports and an NI 43-101 technical report drilled to 50 meters. The properties are in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold. In February of this year, Montreal-based Osisko Mining (TSX:OSK) announced an estimated 9 million ounce gold reserve estimate for its Malartic open pit project in Quebec.
B2 Digital President, Paul LaBarre, stated, "The ongoing dialogue for this major investment initiated by Firma Gold is a very positive development. We believe it validates the opportunity this Joint Venture holds for our shareholders. Even though we are in the initial stages of these negotiations with the terms yet to be agreed upon, we are very excited about the potential."
Mr. LaBarre further commented that "B2 Digital is presently considering a name change to better reflect its change in business direction with its primary focus within the resource and mining sector."
B2 Digital (Pink Sheets:BTDG), dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves, today announces its Board of Directors has executed a Definitive Joint Venture Agreement with Firma Gold, Inc. The Definitive Joint Venture Agreement pertains to the mining exploration leases owned by Firma Gold Inc. in Landrienne and Courville, Quebec.
The Definitive Joint Venture Agreement between Firma Gold, Inc. and B2 Digital Inc. includes terms and conditions customary for transactions similar in nature.
Under the terms of the Agreement, B2 Digital, Inc. will immediately assume management control of all the exploration leases owned by Firma Gold in Ladrienne and Courviile Quebec as the Managing JV Partner. Additionally, B2 Digital will be responsible for funding the exploration, operation, and, if required, the disposition of the Firma Gold properties. In return, B2 Digital, Inc. will receive 90% of the net profit after deduction of any capital or operating costs incurred in their role as JV Managing Partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.
Stephane LeBlanc, President of Firma Gold, Inc. said, "We are extremely pleased to welcome B2 Digital as our Managing Joint Venture Partner and look forward to utilizing their fresh approach and enthusiasm to help extract maximum value from our Quebec properties located in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold," Mr. LeBlanc continued, "Based upon an NI 43-101 technical report drilled to 50 meters, the geologists have estimated gold reserves of over 1.5 million ounces."
B2 Digital, Inc. President, Paul LaBarre, stated, "We are excited to assume control of mining leases with such strong potential. It is a great addition to our portfolio of mining assets." Mr. LaBarre went on to say, "This partnership gives us access to additional exploration upside, with minimal risk and we look forward to a long and mutually beneficial relationship with our JV Partners at Firma Gold."
B2 Digital, Inc. (Pink Sheets:BTDG) announced today it has entered into two separate Debenture Subscription Agreements providing for up to $2,000,000 in financing that can now be allocated primarily towards the Firma Gold Joint Venture enabling B2 Digital to accelerate its efforts at the properties located in Quebec.
The debenture will also assist B2 Digital in its efforts for making additional acquisitions, as well as exploration and expansion of the property claims of their mining subsidiaries. This bridge financing will also enable B2 Digital to organize and prepare for additional rounds of financing as required.
The debenture is convertible at $0.10 per share.
In May, B2 Digital provided an update outlining its strategy of maximizing shareholder value by entering the field of mineral exploration through acquisitions and joint ventures. This strategy included building a portfolio of mineral properties and advancing the properties through exploration or select joint ventures.
B2 Digital President, Paul LaBarre stated, "The next phase of our business model entails building shareholder value through exploration and by seeking joint venture partners such as Firma Gold Inc. who we have just recently entered into a binding Letter of Intent. Our enthusiasm builds as we compile data on our projects, however, we recognize the fact that our plans require a bridge financing facility for funding future exploration and research."
B2 Digital, Inc. (Pink Sheets:BTDG): Paul LaBarre, CEO, President and Stephane Leblanc, President of Firma Gold, Inc., are pleased to jointly announce the companies have entered into a binding addendum to the LOI signed September 6, 2010 with respect to the mining exploration leases owned by Firma Gold, Inc. in Landrienne, Quebec. According to Firma Gold, the gold reserves on the property are 1.5 million ounces.
Stephane Leblanc, President of Firma Gold, Inc., said, "Based upon an NI 43-101 technical report drilled to 50 meters, the geologists have estimated gold reserves of over 1.5 million ounces. We are excited about this potential Joint Venture with B2 Digital and look forward to working with them." Mr. Leblanc continued, "The properties are in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold."
As per the LOI, both parties agree to enter into a formal Joint Venture Agreement on or before October 15, 2010. Under the terms of the Joint Venture Agreement, B2 Digital, Inc. will be responsible for the funding, exploration, operation, and disposition of the Firma Gold properties. In return, B2 Digital, Inc. will receive 90% of the net profit after deduction of capital or operating costs incurred in their role as JV partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.
B2 Digital, Inc. President, Paul LaBarre, stated, "We are excited to introduce our shareholders to properties of this caliber. As a result of our relationships in the industry, we are able to enter into Letters of Intent to Joint Venture on properties like these owned by Firma Gold."
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets.