New Brunswick Mineral Properties of Blue Note Mining Inc. (TSXV:BNT) entered into a letter of intent to acquire GeoVenCap Inc. (TSXV:GOV.P) in a reverse merger transaction on December 29, 2011. After the closing, Blue Note will hold 15.9 million of GeoVenCap's outstanding shares, representing 84% of stake. Trading in the common shares of GeoVenCap has been halted and will not resume until the transaction is completed. Upon completion of the transaction Blue Note Mining will appoint, David Crevier as Director, Leon Methot as President, Chief Executive Officer and Director, Jean Mayer as Executive Vice President, Corporate Secretary and Director, Daniel Bortoluzzi as Chief Financial Officer and Arthur Hamilton as P.Geo., Director of Exploration of GeoVenCap. Two additional independent directors shall also be appointed upon signing of the definitive agreement. Upon closing, Brigitte Dejou will join the Board of Directors. New Brunswick Mineral Properties of Blue Note Mining Inc. (TSXV:BNT) entered into a definitive purchase agreement to acquire GeoVenCap Inc. (TSXV:GOV.P) on January 19, 2012. The transaction is subject to Blue Note and GeoVenCap entering into a definitive agreement in respect to the transaction on or before January 18, 2012, all requisite regulatory approvals relating to the transaction, including, without limitation, TSX Venture Exchange approval, majority of the minority shareholder approval, approval of the Directors of each of Blue Note and GeoVenCap of the definitive agreement, completion of due diligence investigations and Blue Note and GeoVenCap preparing a filing statement in accordance with the rules of the TSX Venture Exchange. GeoVenCap is not required to obtain shareholder approval for the transaction. As of March 2, 2012, the transaction received conditional approval by TSX Venture Exchange and the closing still remains subject to the final approval of the TSX Venture Exchange. The transaction is expected to close on March 23, 2012. New Brunswick Mineral Properties of Blue Note Mining Inc. (TSXV:BNT) completed the acquisition of GeoVenCap Inc. (TSXV:GOV.P) in a reverse merger transaction on March 21, 2012.