EastBridge Investment Group (OTCBB: EBIG) recently announced that it has signed a Joint Venture and Listing agreement with Long Whole Enterprises, Ltd., "Long Gold". Long Gold's primary business is precious metals in Africa. EastBridge and Long Gold will jointly invest in the preliminary exploration work of the mine. EastBridge has also been retained to assist Long Gold to become listed on the NYSE-AMEX or Nasdaq as soon as practical.
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Mr. Mikio Yoneda, CEO of Long Gold, in Tokyo, Japan, commented, "We have recently acquired a 60% ownership in a gold mine in the DRC, Democratic Republic of Congo. The preliminary engineering report for a small area in the mine estimates the gold reserve to be more than 200 tons. The mine has about 400 workers today using manual methods to wash sand and mud to recover gold. We want to raise capital to install advanced machinery to increase the gold quantity significantly." Mr. Norm Klein, EBIG's COO/CFO, commented, "This is a very special opportunity for EBIG to enter this resource rich continent, Africa. In addition to the listing work, we have also obtained the right to participate in the preliminary survey and exploration work of the mining area. In return, EBIG will have a higher ownership stake than we normally get for listing a client on a United States stock exchange." EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution.
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