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Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
15 December 2008
Geo Genesis Group Limited (`Geo Genesis' or `the Company')
Signs Consultancy Agreement with Trilliant Exploration Co.
Geo Genesis Group Limited, an emerging markets advisory and investment company,
has signed an agreement to provide consultancy and advisory services to US
based mining and exploration company Trilliant Exploration Co. (`Trilliant'),
for a consideration of $1.5 million, satisfied in shares (`the Agreement').
Geo Genesis will provide Trilliant with consultation and advisory services,
particularly in relation to Trilliant's recent asset purchase agreement with
Pacifico S.A (`Pacifico'), an Ecuadorian mining company, whereby Pacifico will
transfer mining rights and other assets from its iron-ore projects.
Under the terms of the Agreement, Geo Genesis will render its services to
Trilliant for a period of 24 months, for which Geo Genesis has received from
Capital Trust Management Ltd., a third party beneficiary of the Agreement, an
upfront payment of 1 million ordinary shares in OTC listed Trilliant, which as
of 12th December 2008 values the holding at US$1.5 million. During this period
of consultancy, a primary aim of Geo Genesis is to assist Trilliant in
financing the asset purchase agreement of Pacifico, by assisting in structuring
financing to raise funds of at least US$2 million.
GGG Chief Executive Officer Roger Bendelac said: "Extending our reach into new
geographic areas such as Central America is an ongoing aim for Geo Genesis and
constitutes an important aspect of our business development model. This
agreement demonstrates our ability to transfer expertise and knowledge we have
acquired through our operations in China to other emerging markets and we look
forward to building a successful working relationship with Trilliant."
Geo Genesis will hold the 1 million free trading ordinary shares in certificate
form, and under the terms of the Agreement will not dispose of the Trilliant
shares prior to one year from the date of the Agreement.
The Directors of Geo Genesis accept responsibility for this announcement.
* * ENDS * *
For further information visit www.geogenesisgroup.com or contact:
Roger Bendelac, CEO Geo Genesis Group Limited Tel: +1 (917) 969 5475
John Bridges Orange Corporate Finance Tel: 020 3301 3356
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Chris Welsh St Brides Media & Finance Tel: 020 7263 1177
Notes to Editors
Geo Genesis Group Limited, a Marshall Islands registered company which listed
on PLUS in April 2008, operates as an investment vehicle and/or strategic
adviser to companies based and/or operating in emerging markets, primarily
focused in China, seeking to raise capital in the EU, Hong Kong and the United
States. Its key objectives are to generate revenue and/or acquire equity
positions in investee companies, advisory clients or assets in emerging
markets. The Company is also establishing various sector specific private
equity closed-end investment companies to invest in investee companies
directly.
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