$GRNQ has signed a Sale and Purchase Agreement to acquire 4% of the Millennium Sapphire for US$4 million. The acquisition will be paid via the issuance of 4.44 million GRNQ restricted shares valued at $0.90 per share.
The two parties have 30 days to complete the acquisition. GRNQ is currently negotiating to buy the remaining 96% interest in the Millennium Sapphire into its wholly owned Wyoming subsidiary, Millennium Fine Arts, Inc.
About the Millennium Sapphire
The Millennium Sapphire is widely considered an icon in world of art and gems. It is one of the most documented gemstones of modern times. Since its discovery in Madagascar in 1995, this remarkable blue gem has appeared on CNN, BBC, NBC, FOX and numerous other television networks around the world. It has been written about in virtually every major newspaper and has been the subject of articles published in dozens of magazines, such as Forbes and others.