MESA, Ariz., Sept. 7, 2010 (GLOBE NEWSWIRE) -- B2 Digital (Pink Sheets:BTDG) is pleased to announce it has signed a non-binding letter of intent to enter into a joint venture with Firma Gold Inc. with respect to the mining exploration leases owned by Firma Gold Inc. in Landrienne, Quebec. The LOI is subject to certain conditions including due diligence by B2 Digital, negotiation of final terms and approval of the Transaction by B2 Digital's Board, and other conditions customary for transactions similar in nature.
At the close of trading on Wednesday, B2 Digital plans to announce proven reserves as provided by Firma Gold Inc.
B2 Digital President, Paul LaBarre, stated, "We are continuing to place the highest priority on creating maximum value for our shareholders. Our decision to focus our efforts on the exploration of gold, silver, and uranium will allow us to capitalize on the bullish trend in the commodities market."
Mr. LaBarre continued, "We believe this letter of intent could mark the path for continued opportunities in mineral exploration. As a result of this transaction, we anticipate being able to announce to our shareholders an opportunity with proven reserves."
About B2 Digital
B2 Digital is a technology development company with interests in various media sectors involving the use of B2 Digital's technology development experience, which is dedicated to shareholder value through the acquisition and development of promising 21st century businesses, within the technology sector and outside of the technology sector. More information on B2 Digital can be found at http://www.b2digital.us.
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 certain risk 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.