MESA, Ariz., Dec. 19, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announces it is extending the closing date for its merger with Sino-Can Industrial Holding Group LTD until ongoing negotiations have been completed and all shareholders with shares in street name have received the recent stock dividend.
Under the terms of the original offer, Sino-Can Industrial Holding Group LTD made a $0.04 per share cash offer for all shares of B2 Digital. As of this date, the Merger Agreement has not been finalized, however, negotiation between Sino-Can Industrial Holding Group LTD and B2 Digital continue. http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41334.
About B2 Digital
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:
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 risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others 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.