News Item Details

The Blacksands Pacific Group, Inc – Announcement of Majority Shareholder

The Blacksands Pacific Group, Inc including affiliates and subsidiaries (“Blacksands Pacific” or the “Company”) announces that the Board of Directors of The Blacksands Pacific Group, Inc has approved the transfer of majority shares interest (totaling sixty five per cent shareholdings) of combined common and preferred stock of the Company to Jefferson III Holdings LLC.

Jefferson III Holdings LLC is a privately owned Investment Corporation, with presence in New York, United States, Luzern, Switzerland, Hong Kong, SAR – China and operates globally. The Corporation maintains interest in various industries including Energy (Oil & Gas), Real Estate, Lifestyle, Hospitality and Finance.

Jefferson III Holdings LLC is the majority shareholder of The Blacksands Pacific Group, Inc (including subsidiaries) and The BLV Group LLC (“BLV Group Companies”) including subsidiaries.

Notes to Editors

About Blacksands Pacific

BLACKSANDS PACIFIC is an international Energy Group. Our businesses include the exploration and production of Oil & Natural Gas, the trading of Crude Oil and Petroleum Products with future plans to provide Oilfield (Energy) Services.

BLACKSANDS PACIFIC is headquartered in Houston, Texas, United States. Our core asset interests are in the U.S. Gulf Coast, Southern United States, Pacific United States, the Plains States Region, the Rocky Mountains Region and Canada. Our International subsidiary focuses on our Offshore / International Operation with core focus or interests in the Sub-Sahara (West and East Africa), Indian Ocean with future plans to expand throughout the African Continent. Our geographic core regions are United States / Canada, Africa, South East Asia and the Indian Ocean. More information at www.blacksandspacific.com.

 
Source:Business WireDate:23 Sep 2011

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