Archive for the ‘BVI IBC Business News’ Category

AgeX Therapeutics and its BVI-registered investor Juvenescence Ltd. announced publication of paper on the engineering of universal cells

Saturday, November 2nd, 2019

Juvenescence Ltd., BVI-registered science company developing technologies to treat aging, and AgeX Therapeutics, Inc., a biotechnology company developing therapeutics for human aging and regeneration, announced the publication of a new paper in the scientific journal Regenerative Medicine. The published paper is on the strategies of engineering of allogeneic cells to be hypoimmunogenic (universal), so as not to produce an immune response. Also, the paper presents previously unpublished observation in vivo on allogeneic human stem cells (hPSCs).

The leading author of the paper is Dr. Nafees Malik, Chief Operating Officer at AgeX and Head of Cell & Gene Therapy at Juvenescence, which is a major investor in AgeX. His co-authors on the paper are Gregory Bailey, MD, Chairman of the Board of Directors of AgeX and CEO of Juvenescence; Annalisa Jenkins, MBBS, FRCP, who serves on the Board of Directors of AgeX; and Jim Mellon, Chairman of Juvenescence.

Dr Malik said in his comments on the publication: “This is a huge area of focus for us at AgeX, via our UniverCyte technology platform. In support of our own research and as a service to the overall field, we decided to put together this paper, analyzing all the leading strategies to engineer universal cells and encapsulating them in one paper.”

Orca Exploration published operational update on its activities

Thursday, October 17th, 2019

BVI-registered Orca Exploration Group Inc. published an operational update on its current activities in Tanzania. According to the released information, company’s additional gas sales increased in August 2019. In September, Orca Exploration signed agreement with the Tanzania Petroleum Development Corporation to increase the maximum daily quantity of Additional Gas that can be supplied under Orca’s Gas Sales Agreement.

The BVI company is actively seeking for new sales opportunities in Tanzania, assisting the government to evaluate the potential to supply large volumes of natural gas to partners in East Africa. Also, Orca is discussing the expansion of its existing compressed natural gas business with commercial fuel distributors and other potential customers. Also, Orca is close to completion of the front-end engineering and design for compression for the Songas facility.

CEO of Orca Exploration Nigel Friend said in his comments: “The Government of Tanzania is actively looking at ways to utilise its significant indigenous natural gas resources to fuel industrial and economic growth for the benefit of the country and the wider East African region. We are encouraged by this increased activity and, in conjunction with our partner, TPDC, are evaluating the options to increase production from the Songo Songo field to ensure that natural gas is available to support the Government’s objectives in a timely manner”.

Origin entered into collaboration agreement with INOVA, Brazil

Thursday, September 19th, 2019

BVI-registered Origin Agritech Ltd. entered into a collaboration agreement with Inova Genética Ltda (INOVA), a member of the Wehrmann Group, which is an active participant of the seed industry and a leading vegetable production company in Brazil. The agreement between the agriculture technology company and INOVA provides for co-operation in field testing of hybrids of both companies in each other’s geographic regions.

INOVA will also co-operate with the BVI company to evaluate corn seed biotechnology traits for application in South American markets. Origin and INOVA will explore commercial opportunities between the companies in corn seed breeding, production and distribution in South America. INOVA is focused on the plant breeding business and is headquartered in Cristalina-GO, Brazil.

BVI company resumed operations at San Andres gold mine

Thursday, February 14th, 2019

Aura Minerals Inc. made an announcement that it has resumed limited mining operations at its San Andres gold mine in Honduras. By words of the President and CEO of the BVI company, they have been closely working with local and national authorities and community to resolve the situation of the illegal occupation of their private lands by a small number of individuals. For the near-term, Aura will continue limited operations and expects to return mining activities to normal level progressively as the rule of law is enforced.

Aura’s President also said: “We are pleased to resume limited operations as the local economies were very detrimentally affected by the suspension. The suspension of operations negatively affects a number of stakeholders including our shareholders, close to a thousand employees and contractors and thousands of other Hondurans as the mine directly and indirectly, through taxes and a number of Aura initiatives, supports hospitals, schools and road maintenance among others.

Aura is focused on mining in complete terms – the so called 360° Mining. BVI company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. The Company continues to explore options at Sao Francisco, and has two additional gold projects in Brazil and one gold project in Colombia.