Archive for the ‘africa’ Category
mineral commodity producer take over
GRIT INTERNATIONAL INTRODUCES 100% ACQUISITION OF ARIVA RESOURCES LTD. BY
GRANDE PRAIRIE, AB, Tuesday 16 November 2010: GRIT International Inc. ‘GRIT’ (FRANKFURT: 3GR1) is pleased to announce that the acquisition of all outstanding (25,000,000 common shares) and shares outstanding in the west African resource company Ariva Resources Ltd. (‘Ariva’; www.ariva-resources.com) was carried out and completed.
Ariva is a privately held natural resource companies, the various projects and locations in West Africa investigated. These include, among other things, significant gold, uranium, iron ore and diamond reserves (these are organized in the material department), and oil and gas and alternative energy sources such as palm oil and bio-energy (these are organized in the Energy Department). Ariva is therefore holding a series of highly valuable natural resource options and project plans, mainly in Guinea, Liberia and Sierra Leone, which are now completed and GRIT on the market.
GRIT is particularly pleased about the completion of the acquisition because the acquisition of Ariva, the first under the recently announced and launched M & A strategy, more such transactions will follow shortly. ‘Currently, GRIT definitely in a buying mood and Ariva is just the first of a series of other planned acquisitions. With direct access to a variety of important mineral resources and other assets that will play for GRIT and its future role, offers Ariva extremely valuable strategic options, “said Lawrence Zeiben, managing director of GRIT to acquire Ariva and Grits successful M & A strategy .
Currently being investigated Arivas resource department several mining projects and mineral commodity locations in West Africa with a focus on gold, uranium, iron ore and diamonds. In addition to studying new projects and sites Ariva is negotiating with other major mining and resource companies and government representatives about the maintenance and acquisition of mineral commodities post in West Africa. The Energy Department of Ariva is focused both on the investigation of major oil and gas projects (onshore and offshore), as well as the evaluation of alternative energy sources such as palm oil and bio-energy, which will in future play a large role in West Africa. Through active project implementation and cooperation in two areas of the energy sector is Ariva has positioned itself as a major player, thanks to the cooperation with significant business partners with access to key projects in West Africa.
Willem Tijssen, Arivas manager has extensive knowledge of the West African Mano River Union market and has access to a network of high ranking local and national authorities. During the past 12 years were Tijssen and his consultancy Mano Properties & Investment Inc. in scrap metal operations, mining, trade, sustainable rice cultivation and palm oil projects in Sierra Leone, Guinea and Liberia in active regions.
GRIT INTERNATIONAL INC. GRIT International is in the State of Nevada (USA) corporation, with headquarters in Canada; business objective is to market leader in North America in the paints and coatings. GRIT is already specialized service provider in the areas of mixed abrasives, abrasives, paints and coatings. Other key areas such as commodities, oil and gas, utilities and technology are in development.
Republic of Liberia, Sierra Leone and Guinea – West African countries
Current professional research on impact is Africa’s number one leader in terms of the world’s largest concentration of gold, antimony, bauxite, chromite, cobalt, diamond, fluorite, hafnium, manganese, phosphate rock, platinum metals, titanium, vanadium, vermiculite and zirconium. Africa covers up to 6% of world demand for aluminum, cement, coal, copper, graphite, iron ore, lead, steel and zinc. Thirty-one percent (31%) of worldwide demand for bauxite, cobalt, manganese, phosphate and uranium are also provided by this region. The major export items of Africa are all but 57% of global demand for chrome, diamonds and gold. Guinea, Liberia and Sierra Leone in West Africa are resource-rich countries with largely untapped deposits of gold, diamonds, iron ore, bauxite (25 billion tons), chromium, uranium, rutile, tantalite and titanium. Since pure natural resources have an important role in these countries are also leading the way in good governance practices that have in the past five years has become increasingly important, now is the development of public-private partnerships promoted in order to make use of innovations and thus moving projects forward.
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical acts, are forward-looking statements that involve risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, particularly certain delays beyond the Company’s control, with respect to market acceptance of new technologies or products, delays in testing or evaluation of products and other risks described in each of the filings be firm with the Securities and Exchange Commission said.
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