EA Education Group Inc. entered into a share purchase agreement to acquire Kenieba Goldfields Ltd. (DB:CBQ1) from J. J. Becker Law Corporation, Up Resources Inc. and others in a reverse merger transaction.
Pursuant to completion, business of EA Education Group Inc. shall become the business of Kenieba Goldfields Ltd. and the company anticipates changing its name to such other name as acceptable to the management and directors of the company. Louis Hua-Fu Pao and Craig Walker will resign from the Board of Directors, and Wen Xu, Weidong Wang and Zu Zheng will be appointed as directors. Each of the EA Education Group Inc. founders is also to become insiders and control persons by way of their shareholdings in Kenieba Goldfields Ltd. The directors and officers of EA Education Group Inc. are expected to remain unchanged. The transaction is subject to approval of the exchange and the shareholders of Kenieba Goldfields. As of February 7, 2015, Kenieba Goldfields filed its Form 2A listing statement. The closing is expected to occur within 10 business days of Form 2A listing.