Yinfu Gold Corp.

Yinfu Gold today announced that it is in the process of acquiring Dongguan YouDai Financial Information Services Co., a P2P lending platform, from Eternal Fairy International Ltd., (EFI), a British Virgin Island corporation. ELRE has executed an agreement to acquire 100% of the shares and assets of EFI for US$600 million to be paid by the issuance of 1.2 billion common restricted shares of ELRE.

Yinfu Gold today announced that it has acquired an internet eCommerce platform. Liu Jun, ELRE's new CEO, stated, "I am taking the direction of the Company into the internet P2P (Peer-to-Peer) lending space. There is a huge opportunity in the China market and our target is to be one of the premier lending platforms in China within the next twelve months." Overseas examples of this business model are companies such as [...]

Yinfu Gold announced today that it has sold its 70% interest in three mining claims in China's Xinjiang Province. The Company is selling its 70% interest in three gold claims to Apolo Gold & Energy and will receive six million APLL restricted shares valued at US$1.2 million for the following claims: (a) Gold Mine Reconnaissance in the West of Daqing Gerry River, Qinghe County, Xinjiang Province.Certificate NO [...]

Yinfu Gold today has filed a Form 15 to withdraw as a SEC filer and will proceed to apply to OTCMarkets to file all of its filings under the OTC Alternate Reporting Standard. Tsap Wai Ping, Yinfu's CEO, stated, "We have already mobilized our accounting staff and consultants and they have started the process to transition from being an SEC filer to filing on the OTC Alternate Reporting Standard. Although this will be [...]

Yinfu Gold has entered into a definitive agreement to acquire a 65% interest in the African Resources Copper Mine, in Zambia. Yinfu management negotiated terms to acquire a 65% ownership of the African Resources (Zambia) Limited, for US$2,000,000 through its Element Resources International Limited, subsidiary. African Resources has a mining and processing permit and concession license. The company is based in Lusaka [...]

Yinfu Gold through its wholly owned subsidiary, Element Resources International Limited, has entered into a definitive agreement to acquire a 70% interest In Xinjiang Tianshengweiye Investment Co., Ltd., Xinjiang, China. Xinjiang owns the following gold and copper claims:

Yinfu Gold has entered into a definitive agreement to acquire a 100% interest in the Dabao Lead-Zinc mine, in Yunnan, China. Yinfu management negotiated terms to acquire a 100% ownership of the Yunnan Qiaojia County Jintang Xiang Dabaochang Lead-Zinc Mine Company Ltd. for 50.12 million restricted Yinfu Gold shares. The Dabao mine has a permit with an area of 1.0382 square kilometers, which is valid until December 9 [...]

Yinfu and its strategic partner Guolong Investment Management Jiangsu Co., Ltd., have entered into a definitive agreement with Chongqing Number One Jewelry to acquire a 30% ownership stake of Chongqing Number One Jewelry for 30 million Yinfu Gold Corp. common shares. Chongqing Number One Jewelry Limited, a corporation specializing in jewelry investment and distribution, was founded by Mr. Liu Chao—a National Level I [...]

Yinfu Gold has entered into a definitive agreement to acquire a 51% interest in Hitric Resources (S) PTD Ltd., a Singapore limited company, which owns 80% rights of a coal mine located in Tanah Bumbu, South Kalimantan, Indonesia. The exploration license was granted on 25 February 2010 and consists of 1116 hectares, valid until February 25, 2017. The exploration license is currently upgraded into a full production [...]