Gold Mining USA, Inc. completed the acquisition of Savannah Senior Lifestyle Living Resorts.
October 16, 2016
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Gold Mining USA, Inc. (OTCPK:GMUI) entered into an letter of intent to acquire Savannah Senior Lifestyle Living Resorts for $11.5 million on October 16, 2015. GMUI will use the existing management and existing staff to operate its senior living business under the Savannah name. As of January 21, 2016, the term of the executed acquisition letter of intent has been extended from March to June 2016. Gold Mining USA also obtained preliminary approval from Ion Insurance Company of Costa Rica for the issuance of a Financial Guarantee Bond insuring the acquisition for up to $30 million. This instrument will provide a guarantee to investors funding the acquisition. The Financial Guarantee Bond will be reinsured through Ocean Reinsurance of Bermuda.
Gold Mining USA, Inc. (OTCPK:GMUI) completed the acquisition of Savannah Senior Lifestyle Living Resorts on October 16, 2016.
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VITA MOBILE SYSTEMS, INC. 
