MESA, Ariz., Dec. 3, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced that it has agreed to sign a definitive merger agreement with Sino-Can Industrial Holdings Group Ltd. Sino-Can Industrial Holdings Group Ltd has agreed to acquire B2 Digital, Inc. in a transaction valued at $0.04 per share. Both parties have agreed that the close of the transaction is to be concluded by December 20th, 2010.
The Board of Directors of B2 Digital, Inc. voted unanimously to accept a previous offer of $0.15 per share from Sino-Can Industrial Holdings, Ltd. On September 17, 2010, Sino-Can Industrial Holdings Ltd. amended its offer to $0.04 to reflect current market conditions. On November 30, 2010, the Board of Directors of B2 Digital, Inc. voted unanimously to adopt and approve a merger agreement once finalized with Sino-Can Industrial Holdings Group Ltd. and agreed to recommend that the shareholders of B2 Digital, Inc. stock vote in favor of the transaction.
About B2 Digital, Inc.
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 of certain risk 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 other factors that may preclude production should commercially viable reserves be established on property and exploration plans dependent on funding and approval of any required permits.
CONTACT: Atlanta Capital Partners, LLC For B2Digital David Kugelman 866-692-6847 dk@atlcp.com