Dynasty Buying Up Chinese Firms

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Published: Saturday, October 20, 2007 mgowanbo.cc

Reverse takeover in progress

Toronto-listed Mahjong provider Dynasty Gaming Inc. has announced details of its intention to acquire all of the issued and outstanding shares of two companies, Junnet Omnimedia Inc. ("Junnet"), based in Tortola, British Virgin Islands and Beijing Baihui Digital Stars Co. Ltd. ("Baihui"), based in Beijing, China.

Both companies are controlled by Dr. Wilson Cho, resident of Hong Kong and Dr. Dominic Chan, resident of Los Angeles, USA. Junnet is a distributor of online prepaid cards in China and a marketer of digital products such as software, music titles, games, video and other products delivered in digital form. Baihui is engaged in the development, installation and technical support of these types of digital products throughout China.

Under terms of a Letter of Intent signed on 16 October 2007, Dynasty proposes to acquire all of the shares in these two companies from their current owners in exchange for the issue of 320 million new Dynasty Gaming shares, based on a price of Cdn $0.25 per Dynasty share. This transaction, based on a valuation of U.S. $50 million for Junnet and U.S. $30 million for Baihui, will constitute a reverse takeover (RTO). Dynasty Gaming's business activities involving online entertainment distribution and game software development will focus primarily on China.

One significant condition of the proposed transaction is that Dynasty must first complete a financing for a minimum of U.S. $30 million based on a value of $0.25 per Dynasty share. Exploratory discussions with a possible underwriter for this financing are already underway.

The raising of this new funding, to be used primarily for marketing and business development, will result in the issue of an additional 120 million Dynasty common shares. Upon completion of all conditions under this proposed transaction, Dynasty's issued capital will increase from just over 92.3 million common shares to over 532.3 million common shares, excluding any additional shares that may result from the exercise of 24.7 million options and warrants.

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多伦多的王朝开发麻将软件的公司收购两家中国公司

骏网
http://www.junnet.cn/

百慧视觉
http://www.baihui.net/

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王朝收购中国公司

出版：周六， 2007年10月20日mgowanbo.cc

反向收购，在取得进展

多伦多上市的麻将供应商王朝游戏公司宣布的细节，它打算收购全部已发行股份的两家公司， junnet omnimedia有限公司（下称" junnet " ） ，总部设在托尔托拉，英属维尔京群岛和北京百数码星星有限公司（ "百" ） ，总部设在中国北京。

两家公司都在控制wilson博士町居民在香港和博士星成龙，在香港居住的洛杉矶，美国等地。 junnet是一个分销商的网上预付费卡，在中国和营销商的数位影音产品，如软件，音乐，游戏，游戏，视频和其他产品提供数字形式。百会，是从事开发，安装和技术支持，这些类型的数字产品在整个中国。

根据条款签署的意向书于2007年10月16日，清朝提议收购所有的股份，这两家公司从他们目前拥有交换条件的问题， 320万新王朝游戏股，基于对价加0元.25每王朝份额。这宗交易的基础上，估价5000万美元，为junnet和3000万美元，为百会，将构成反向收购（道路交通条例） 。王朝游戏经营活动的，涉及网上娱乐分布和游戏软件的发展将主要集中于中国。

一个显着的状况，以及拟议中的交易，是清朝必须先完成一条新的融资，为最低的3000万美元的基础上的价值为0.25美元王朝份额。试探性的讨论，以尽可能包销这种融资已开始进行。

提出这个新的拨款，将主要用于市场推广及业务发展，将导致问题的一个额外的1.20亿王朝的普通股。完成后，所有的条件下，这个拟议中的交易，王朝的已发行股本将增加从刚刚超过92300000普通股，超过5.323亿股普通股，不排除任何增发股票时有可能因行使24700000期权和认股权证。