Grand Pacaraima Gold Corporation Has Signed the "Agreement and Plan of Merger/Acquisition" and Completed Its Merger/Acquisition
September 15 2010 - 10:52AM
Marketwired
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.
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