Govi High-Power Exploration and Trendfield Holdings Consolidate JV
August 21, 2008 Govi High-Power Exploration and Trendfield Holdings agree to consolidate ownership of jointly-owned exploration subsidiary in Govi High-Power Exploration NIAMEY, NIGER – Govi High-Power Exploration Inc. (GoviEx) and Trendfield Holdings Ltd. (Trendfield) have concluded an agreement on a share transaction that consolidates within GoviEx full 100% ownership of their jointly-owned exploration subsidiary, GoviEx Niger Holdings Inc. As part of the transaction, Trendfield has transferred its 25% ownership in the exploration subsidiary, GoviEx Niger Holdings, to GoviEx. In exchange, Trendfield has received 10 million GoviEx shares, which have a total value of US$25 million. Under terms of the agreement, Trendfield has nominated one director to the board of GoviEx and will have an opportunity to participate in future GoviEx ventures in francophone Africa. Trendfield director Guy Duport assumed a seat on the GoviEx board on July 29. (cont) for the complete article visit our website www.trendfieldonline.com
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