Archive for March, 2011

Consulting company to perform analysis of properties of China Natural Resources

Monday, March 28th, 2011

China Natural Resources Inc., natural resources development company incorporated in the British Virgin Islands and operating in China, made an announcement that it had engaged the company Behre Dolbear Asia, Inc., a subsidiary of Behre Dolbear Group Inc., to perform independent technical analysis of company’s seven anthracite coal mine properties in Guizhou Province in PRC. It is anticipated that the independent technical analyses will be completed in approximately two months.

Behre Dolbear Group Inc. is an advisory and consulting group working in international mineral industry, having offices in 11 cities internationally including in China, Mongolia, the United States, Canada, Australia, Mexico and Chile. The company specializes in performing mineral industry studies for mining companies, financial institutions and natural resource firms.

The Chairman and CEO of the BVI company, Mr. Feilie Li, commented on the engagement of Behre Dolbear having said that “The independent technical reports to be prepared by Behre Dolbear are intended to enable the Company to provide useful, transparent and internationally comparable coal reserve information to the shareholders and the investment community. We are positive about the prospects for the coal mining industry in the PRC and we will continue to pursue growth through acquisition and consolidation of small to medium sized coal mines.”

Conifer Fund and its BVI subsidiary complete SAS 70 Type II Examination

Wednesday, March 16th, 2011

Conifer Fund Services LLC, a premier hedge fund administrator and middle office provider, and its subsidiary Conifer Fund Services Ltd, operating in Tortola, British Virgin Islands, received an unqualified opinion on the recently completed SAS 70 Type II examination.

SAS 70 examinations are designed to address the effectiveness of controls that are likely to be relevant to a user entity’s internal control over financial reporting. The SAS 70 Type II examination of Conifer included a thorough examination of new fund set-up, daily position reconciliation, data security, investment valuation, transaction processing, month-end process, and IT backup. The first SAS 70 Type I examination was completed by Conifer in September 2008, followed by more comprehensive SAS 70 Type II examinations for 2009 and 2010.

Conifer Group is headquartered in San Francisco and has offices in New York and the British Virgin Islands. The company is functioning since 1989. Through its subsidiaries Conifer Fund Services, LLC and Conifer Securities, LLC, the company offers global fund accounting and administration, middle office services, execution, corporate accounting, consulting services, executive office space and business infrastructure.

BVI-registered EuroTex Finanz entered into agreement with North West Oil & Gas Trading Company

Wednesday, March 2nd, 2011

EuroTex Finanz Inc., a British Virgin Islands-based company engaged in international financial services business, made an announcement that on February 19, 2011 it has entered into a share exchange agreement with North West Oil & Gas Trading Company, Inc. NWOil is an emerging entity in the US-based oil and gas industry, its main businesses are reactivation of already existing oil and gas fields, expansion with modern production facilities and infrastructure. On February 21, 2011 the agreement was approved by the Board of Directors of both EuroTex Finanz Inc. and NWOil.

According to the agreement between North West Oil & Gas Trading Company and EuroTex Finanz Inc., there will be an exchange of shares between the parties. The exchange rate will be 300,000 shares of NWOil stock in return for 600,000 shares of Eurotex Finanz Inc. BVI.

NWOil also passed a resolution to pay a dividend in the form of EuroTex Finanz, Inc. shares to the individual NWOil registered stockholders, increasing EuroTex’s shareholder base. To qualify for this dividend, a stockholder must own a minimum of 100 shares of NWOil stock.