BVI Airways received certificate from UK regulator

January 30th, 2017

BVI Airways has received a revised Air Operator Certificate from the UK-based regulator, Air Safety Support International, allowing the company to operate its Avro RJ100 jet aircraft from the Terrance B. Lettsome International Airport. Upon this regulatory approval, BVI Airways will seek authorisation to fly in the United States from the US Department of Transport.

BVI Premier and minister of finance Dr Orlando Smith congratulated the company, saying that this approval “brings the territory one step closer to achieving direct air access to and from the United States.” By his words, “The partnership between the government of the Virgin Islands and BVI Airways is an immediate response to the territory’s current air access challenges. The next step is the expansion of the T.B. Lettsome International Airport to accommodate regular flights to and from the eastern seaboard of the United States, and establishes direct connections to and from the international travel hubs in Central and South America.”

BVI company participating in new project for junior mining companies

January 21st, 2017

The organiser of the Investing in African Mining Indaba, the world’s largest mining investment conference, dedicated to the capitalisation and development of mining interests in Africa, announced that the JSS Empowerment Mining Fund has signed on as a sponsor for the new Junior Miners Pavilion, including Investment Battlefield Competition. This is a newly launched US$75 million fund offering funding for junior opencast mining companies.

The Investment Battlefield Competition will give junior mining companies the opportunity to present their projects to a panel of expert investors, competing for a number of prizes that will support the development of new projects.

The JSS Empowerment Mining Fund joins the Chamber of Mines of SA and the DMR in supporting the Junior Mining Pavilion and the Investment Battlefield Competition. Among the first participants there are Bannerman Resources (Australia), Consolidated Nickel Mines (UK), Energizer Resources (Canada), IPC Coal (South Africa) and Premier African Minerals (British Virgin Islands).

Origin Agritech signed commercial agreement with DuPont Pioneer

January 10th, 2017

Agricultural biotechnology company Origin Agritech Ltd. signed a definitive agreement with DuPont Pioneer, which is the advanced seed and genetics business of DuPont (DD), providing high-quality seeds to farmers in more than 90 countries. Pursuant to this agreement, the BVI company will get access to non-GM corn seed products of DuPont Pioneer. It is expected that commercial seed products will be available for sale in the US market for spring 2017 planting.

This business agreement with DuPont followed the previous commercial agreement with the company signed in April 2016, to jointly develop new seed technologies in China for Chinese farmers. By words of Origin CEO Bill Niebur, the agreement with DuPont Pioneer is “a critical first step toward launching Origin’s North America strategic Pillar III, focused on serving the non-GM/Organic markets.”

Origin recently released advances in its Pillar I and II growth platforms. Today’s announcement supports progress in the launch of its Pillar III: North America non-GM/Organic growth platform.

Talon Metals signed amending agreements with Kennecott Exploration and Resource Capital Fund

December 30th, 2016

Talon Metals Corp. entered into an amending agreement with Kennecott Exploration Company, in respect of the Exploration and Option Agreement between BVI company’s subsidiary Talon Nickel (USA) LLC and Kennecott Exploration signed in June 2014. Under the terms of the amending agreement, Talon Nickel and Kennecott Exploration will co-fund a winter exploration program at the Tamarack Project for the amount of approximately US$3,500,000. The proportional share funded by Talon Nickel is 18.45 per cent.

Also, the BVI corporation entered into an agreement with Resource Capital Fund VI L.P. to amend a loan agreement signed in November 2015 between Talon Metals, RCF and some subsidiaries of Talon. According to this Loan Amending Agreement, RCF agreed to increase the principal amount of the unsecured loan previously advanced to the company by US$2,000,000(from US$14,000,000 to US$16,000,000). Talon Metals has agreed to issue to Resource Capital Fund
15,000,000 common share purchase warrants, each exercisable for one common share at a price of CDN$0.11 per Warrant Share for a period of 48 months from the date of issuance of such Warrants.

By words of Sean Werger, President of Talon, “The decision by RCF to increase the amount of the loan by US$2 million provides Talon with the working capital it needs to co-fund the winter exploration at Tamarack… It also provides Talon with a much stronger treasury after the winter exploration program.”