Archive for the ‘BVI Company Contracts’ Category

Orca Exploration discusses possible investment with Swala Oil & Gas

Monday, August 21st, 2017

BVI-registered mining company Orca Explortion Group Inc. confirmed discussions with Tanzanian Swala Oil & Gas about minority investment in PAE PanAfrican Energy Corporation, a wholly-owned subsidiary of the BVI company. The agreement is not definitive and is expected to be subject to a number of conditions including Swala securing necessary financing.

The investment by Tanzanian company, if concluded, will not affect the management or operation of PanAfrican Energy Tanzania Limited, which will continue to be wholly-owned subsidiary of PAE PanAfrican Energy Corporation, and many benefits accruing to Tanzania from BVI group’s involvement in the Songo Songo Project.

The Songo Songo Project is the first gas-to-power project in Sub-Saharan Africa, initiated by the Government of Tanzania, with the technical and financial support of the World Bank and private investors, among which there was the predecessor to Orca Exploration Group.

DryShips Inc. terminated common stock purchase agreement with BVI-based Kalani Investments

Monday, August 14th, 2017

Nasdaq-listed DryShips Inc., a diversified owner of ocean going cargo vessels operating worldwide, announced the termination of the common stock purchase agreement with British Virgin Islands-registered Kalani Investments Limited, which was signed by the company in April 2017.

Also, DryShips’ chairman and Chief Executive Officer Mr. George Economou has agreed to refrain from re-selling for a six month period any common shares of the company. DryShips also agreed to to conduct any equity offerings until after December 31, 2017, without the prior approval of the majority of its unaffiliated shareholders.

Origin and Arcadia Biosciences entered into collaboration agreement

Wednesday, March 15th, 2017

Origin Agritech, LLC, a subsidiary of BVI-incorporated agricultural biotechnology company Origin Agritech Ltd., and Arcadia Biosciences, Inc., a California-based company focused on developing and commercializing agricultural productivity traits and products, announced their collaboration to achieve the export to the US of key corn biotechnology product developed in China, to complete global regulatory trials. The exported corn seed contains an insect resistance/herbicide tolerance trait discovered and developed in China.

The collaboration is a key milestone in BVI corporation’s strategic business plan of achieving global regulatory approvals for cultivation and international grain movement. This first-ever export of this kind strengthens Origin’s leading positions in China biotech market. Under the agreement signed between Origin and Arcadia, the US company will provide assistance to Origin in developing information for submission to regulatory authorities in the United States, China and other countries, to receive approval of their traits in corn. The project includes production of inbred and hybrid seed lines under quarantine conditions in Arcadia greenhouses.

Luxoft Holding announces partnership with ArrivalGuides

Wednesday, March 8th, 2017

Luxoft Holding, Inc. has become partners with ArrivalGuides, the world leader in supplying destination content to the travel industry, to make ArrivalGuides content available to BVI company’s clients. The head of the travel practice at Luxoft said that ArrivalGuides destination content will help provide higher value and solutions for travel industry clients. Luxoft has a unique position to help its clients to be in pace with the dynamic travel industry and leverage the latest technologies to maximize business outcomes.

The director of Strategic Partnerships and ArrivalGuides said in his comments: “Use of destination content in the travel industry is becoming more and more technologically advanced, making it harder for travel operators to get the best value without integration of the content in the current flow. Our partnership with Luxoft will give travel operators better options to drive their business in all phases of the traveler’s journey.”

ArrivalGuides is the global leader in distributing destination content having over 300 distribution partners; company’s distribution network consists of major brands that are using ArrivalGuides destination content to drive their travel business across all platforms and digital communications. Head office of the company is in Gothenburg, Sweden.