Geo Global Group Acquires Helm Natural Resources in Stock Transaction.
M2 EQUITYBITES-April 20, 2016-Geo Global Group Acquires Helm Natural Resources in Stock Transaction
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20 April 2016 - Geneva, Switzerland-based strategic advisory services company Geo Global Group Ltd. has agreed to purchase 100% of the shares of UK-based natural resources management company Helm Natural Resources Ltd for 200m shares of its common stock, the company said.
GGG shall issue 200m shares of its common shares to Helm and/or Helm's assignees for a 100% ownership into Helm.
Helm shall hold 18.23% of the post transaction outstanding shares in GGG.
In the short term, GGG shall seek to have its common shares transact on a match bargain platform to allow its shareholders to negotiate bids and offers on their shares.
Geo Global Group provides strategic advisory services to corporate and government entities in Africa, Asia, Europe, Central and South America, and the United States.
It engages in the provision and/or sourcing of private placing and pre IPO capital; raising of capital; and research on selected industry sectors.
The company also offers advisory services.
Geo Global Group was formerly known as Geo Genesis Group Limited and changed its name to Geo Global Group Ltd in January 2013. Geo Global Group Ltd was incorporated in 2007 and is based in Geneva, Switzerland.
Helm is an independent natural resources company headquartered in the United Kingdom.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 20, 2016|
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