Porter Signs M&A Agreement with Australia Ocean Mining

Porter Signs M&A Agreement with Australia Ocean Mining

On February 8, 2018, Porter Corporation (symbol: ULNV) signed a Cooperation Agreement with Australia Oceania Mining Resources Co., Ltd. on the merger and acquisition of Australian gold mines and successfully held a signing ceremony, which symbolizes that Porter's merger and acquisition of mining assets step into a new model and new progress of capital securitization. This is the win-win result of an two-month in-depth communication and negotiation between two sides since the Porter executives visited the Australian mining project in December 2017. This will become a typical example of the traditional mining resources moving towards securitization.

Australia is a big mining exporter with a very large share of ore exports, so Australia has always been called as "a country sitting in a tramcar." At present, veteran gold producing countries as Russia and South Africa have been left far behind Australia. Gold output in Australia in 2016 was 298 tons, only second to China and ranks second in the world.

Australia Oceania Mining Resources Co., Ltd.  has a very rich gold mineral resources in Australia, as a traditional mining industry enterprise in the face of the trend of the global new economy and new financial development, Oceania mining companies decisively choose the capital market and cooperate with Porter to securitize its mining assets, so as to achieve the transformation and development of the mining industry. This decision is undoubtedly very much in line with the current global economic development trends, so that the mining industry has a broader space for the development of wealth.

Porter Corporation (ticker symbol: ULNV), a US listed company and a digital financial operator, has always taken the road of new economic development and practiced the "Belt and Road Initiative" strategy to achieve globalization. Porter vigorously incorporates traditional gold and other mineral resources and related industries into its strategic plan for the development of new economy. Through the site inspection of Australia Mining Industry at the end of 2017, Porter takes the acquisition of gold mining for securitization as first step. The cooperation with Ocean Mineral company is also a significant move to promote the new business model a success.     

At the signing ceremony, Porter signed a contract with Australia Oceania Mining Resources Co., Ltd.. The heads of jewelery associations and jewelery companies from both China and Australia witnessed the signing ceremony. The witnessing units also include Global Jewelery Business Association of Min Nationality, Sino-Australia Chamber of Commerce and Industry of Gold, Australian APP Mining Company, Shenzhen Qianhai Baosheng Rongtong Capital Management Co., Ltd., Zijin Huangchao (Shenzhen) Jewelry Culture Industry Co., Ltd., Zijin Wangchao (Pakistan) International Mining Co., Ltd. and other guests representatives.

The successful signing between Porter and Australasian Mining Resources Co., Ltd. has enabled Porter to formally embrace blockchain technology and rely on high-quality gold resources to provide more convenience and reliability to more international industrial enterprises on asset securitization cooperation and digital financial products and services, and effectively provide digital financial services for enterprises in Porter O2O platform to help entrepreneurs grow bigger and stronger.