Canada News

Canadian News and
Press Release Distribution Services
Home | Submit Press Release
Unlimited Press Release Distribution
Press release distribution service

News Media

Abitibi-Témiscamingue
Business Vancouver
Canoe-ca
Canada News Center
Daily Herald Tribune
Canada.Com
CTVNews
La Press
National Post
The Globe and Mail
The Province
The Star
The Gazette
Toronto Sun
Yahoo! Canada

Canada Business News and Press Releases

B2 Digital Inc (BTDG.PK) Responds to Latest Offer From Sino-Can Holdings reports Xplosivestocks.com

(EMAILWIRE.COM, September 29, 2010 ) Montréal, Québec - Xplosivestocks.com
(http://www.xplosivestocks.com), a premier source for penny stocks research issues stock alert for the following company (Pink:BTDG):

B2 Digital, Inc. (Pink Sheets:BTDG) announced today that its Board of Directors, after reviewing the NI 43-101 feasibility study from Firma Gold by its geologists and in response to the revised offer of $0.04 per share made by Sino-Can Holdings Ltd. on September 17, 2010 for the acquisition of a controlling interest in B2 Digital, Inc., has recommended a price of $0.10 per share as a fair value.

B2 Digital, Inc. believes that upon completion of further testing to be funded in part by Sino-Can Holdings Ltd. on the Quebec properties being managed by B2 Digital, Inc. in its Joint Venture with Firma Gold that $0.10 per share should be an acceptable valuation.

Sino-Can Holdings Ltd. has previously agreed to provide financing of up to CDN $250,000 to help facilitate additional testing on the properties and has further agreed to convert the funds advanced to capital at $0.10 per share upon completion of the acquisition of control of B2 Digital, Inc. If, in the event that Sino-Can Holdings Ltd. does not complete the acquisition then all monies advanced to B2 Digital, Inc. for the testing will be forfeited with no conversion rights to equity being provided to Sino-Can Holdings Ltd.

B2 Digital, Inc. President, Paul LaBarre, stated, "After careful consideration and consultation, the Board of Directors has determined that the revised offer of $0.04 per share was unacceptable regardless of the current share price that has been unfairly depressed due to market pressure created by an extensive short position as exposed by BUYINS.NET in their report of September 22, 2010."

Firma Gold President, Stephane Leblanc, commented, "The underlying potential of our property increases daily as the price of gold continues to rise reaching all time highs, adding more value to B2 Digital, Inc. as the controlling and majority partner of our recent Joint Venture Agreement."

According to the NI 43-101 feasibility study, Firma Gold's estimated reserves of 1.5 million ounces could have an estimated worth in excess of $1,875 billion based upon the current price of gold. B2 Digital, Inc. will receive 90% of the net profit after deduction of capital or operating costs incurred in their role as JV partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.

About B2 Digital, Inc.

B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.

About Xplosivestocks.com

Xplosivestocks.com is one of the leading penny stock web sites; it presents daily stocks to watch (Midday Movers) everyday. Its new and innovative penny stocks alerts newsletters allows investors to receive stocks alerts, and it has become the most trusted penny stocks alerts on the web.

Xplosivestocks.com also provides a wide-ranging due diligence and insight on stocks all over the market. The Stock Alarm Investment Stock Reports primary focus is to alert Xplosivestocks.com valued subscribers to small cap and micro cap companies poised for explosive movement in the market. Timing in the market is critical! To receive xplosivestocks.com free comprehensive newsletter, please visit http://www.xplosivestocks.com .



Follow Xplosivestocks.com on Twitter: http://twitter.com/STOCKSWAGER

Disclaimer and Forward-Looking Statement
Please read Xplosivestocks.com disclaimer at http://www.xplosivestocks.com/disclaimer.php


This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with PinkSheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.

Xplosivestocks.com
Walid Moudjed
1-866-795-9663
info@xplosivestocks.com


Canada News by Regions
  • Atlantic Canada
  • Calgary
  • Edmonton
  • Halifax
  • Montreal
  • Ottawa
  • Quebec
  • Toronto
  • Vancouver
  • Winnipeg


  • 
    
    
    

    Meeting and Travel
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Meetings & Travel resource center today to browse our selection of 600+ complimentary Meetings & Travel magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Group Tour Magazine
    Event Design
    Insite from Leisure Group Travel

    No credit cards, coupons, or promo codes required. Try it today!

    EmailWire.com - Press release service
    Press release distribution service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    I-Canada-News.com - I-Canada-News.Com is a news service of GroupWeb Media LLC