IFC has signed a swap agreement with National Bank of the Republic of Belarus
On April 2, 2010, IFC, a fellow of the World Bank Group, has signed a swap agreement with National Bank of the Republic of Belarus, to fix up with provision ...
NuState Signs Share Exchange Agreement with GLINS
, Announced today that it has entered into a share exchange agreement with GLINS International NV, (GLINS).GLINS owns all the shares in GLINS Capital Curacao NV, (GCC). GCC owns all of the shares in Suriname Green Mineral Holding NV, (SGM). GLINS, GCC and SGM are all Curacao companies. SGM owns or controls various assets in Suriname, South America including several gold mining concessions.
Under the terms of the share exchange agreement, NuState is acquiring 100% of the shares of GCC in exchange for 10,000 shares of Series A Convertible Preferred Stock of NuState with an aggregate stated value of $10 million. Upon full conversion of the Series A Convertible Preferred Stock of NuState, GLINS will secure a 95 percent equity position in NuState.
Kevin Yates, Chief Executive Officer of NuState said, "Suriname is a remarkable country that is bursting with a wide range of untapped opportunities. Located on the northern coast of South America, it is bordered by the Atlantic Ocean, French Guiana, Brazil and Guyana. Originally a Dutch colony, Suriname gained its independence in 1975. Since 1991, Suriname has generally enjoyed a growing democracy and political stability. The economy is dominated by the mining industry with gold being one of the primary exports.
St. Germain's Bank is OPEN FOR BUSINESS! : Welcome the Light
By KANGA KONG
Asean [Joining of Southeast Asian Nations] and its three regional partners will get going a $120 billion currency-swap smoothness on Cortege 24 that aims to guard enough U.S. dollar liquidity in the episode of a economic disaster.
The new deal is an upgrade of the existing Chiang Mai Initiative, which was launched in 2000 by the Link of Southeast Asian Nations addition Japan, China and South Korea. That came after regional countries qualified plain splendid flock in the wake of the 1997-1998 Asian monetary disaster.
As reported in May, the extent of the bread will be expanded to $120 billion from $78 billion. The funds will now be present to all Asean countries gain its three partners, with Hong Kong also participating in the terms for the first spell. Asean comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
In set to the Chiang Mai Ambition’s before bilateral arrangement, the new treaty is a multilateral agreement, with participating countries pooling funds from their foreign-exchange reserves.
“The pith objectives…are to location match of payment and break in on-nickname liquidity difficulties in the bailiwick, and to addition existing intercontinental pecuniary arrangements,” the countries said in a common expression released by the South Korean ministry.
Most of the participating nations completed the signing on Dec. 24, with the covenant to take operational 90 days later , Seoul’s Clergymen of Plan and Back said Monday.
...foreign exchange agreement - News
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