LONDON, April 19, 2016 /PRNewswire/ --
Geo Global Group Ltd. ("GGG"), a company incorporated in the Marshall Islands, previously quoted on the ISDX Exchange in London and presently private has entered into an agreement to purchase 100% of the shares of Helm Natural Resources Ltd ("Helm"), a company incorporated in England and Wales (Company Number 8550246) whose registered address is Klaco House, 28-30 St John's Square, London EC1M 4DN, United Kingdom. GGG shall issue 200 million 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.
Effective April 19, 2016, Arun Raman, CEO of Helm shall join the Board of GGG as an Executive Director and shall be named its President. Mr. Raman is a member of the Institute of Chartered Accountants of India and holds a Master's degree in Finance from Pune University in India. Having worked in Petronas UK and Vitol S.A previously, he brings with him extensive experience in the conventional and renewable energy sectors along with a deep understanding of physical commodities trading.
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.
The Directors of Geo Global Group Ltd have taken responsibility for this announcement.
Any further questions can be directed to:
Arun Raman at +44-7894-66-3000
And/or Roger E. Bendelac at +442032905348
SOURCE Geo Global Group Ltd