(Total Views: 537)
Posted On: 03/22/2017 8:42:43 PM
Post# of 12259
Re: jomama3333 #11814
I think the independent company is to value SNL...but that said, I'm not holding my breath anything good happens. Hope I'm wrong, but Nigeria? You can't make this stuff up....or can you lol!!
On February 14, 2017, Mining Global, Inc., a Nevada corporation (the “Company” or “MNGG”), entered into a Share Exchange Agreement (the “Agreement”) with all of the shareholders of Sammya Nigeria Limited, (“SNL”) a Nigerian corporation whose primary business is engineering mining, exploration and development of properties located in Nigeria. Pursuant to the Share Exchange Agreement, the Company will acquire shares of capital stock of SNL from the SNL Shareholder and in exchange issued restricted shares of its common stock to the MNGG Shareholders.
The shares exchanged will be calculated based on a business valuation determined by an independent appraisal. Upon determination of the business valuation of SNL, MNGG will issue its restricted common stock at a 25% discount of the appraised value.
On February 14, 2017, Mining Global, Inc., a Nevada corporation (the “Company” or “MNGG”), entered into a Share Exchange Agreement (the “Agreement”) with all of the shareholders of Sammya Nigeria Limited, (“SNL”) a Nigerian corporation whose primary business is engineering mining, exploration and development of properties located in Nigeria. Pursuant to the Share Exchange Agreement, the Company will acquire shares of capital stock of SNL from the SNL Shareholder and in exchange issued restricted shares of its common stock to the MNGG Shareholders.
The shares exchanged will be calculated based on a business valuation determined by an independent appraisal. Upon determination of the business valuation of SNL, MNGG will issue its restricted common stock at a 25% discount of the appraised value.
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