Initially, the main business goal of EDLT was to provide technical services, offering small and medium sized construction contractors access to our expertise in the building materials industry, and to enter into the manufacture of window frames in China. The Company later established an office in Beijing, China, and the success of the venture was dependent on concluding a joint venture agreement with Shenzhen Li Zheng Industrial Ltd., of Shenzhen, Guangdong.
This joint venture was never realized, and in December 2001, the Board of Directors of EDLT decided to close its China operations and re-orient the business goal of the Company elsewhere. Eventually, after several unsuccessful attempts at new undertakings, the Board was presented with an opportunity in the mining industry and decided to enter this field and maintain its geographic focus on China. On February 4, 2004, the Company signed a share Exchange (and Purchase) Agreement to acquire all common and voting shares of East Delta Resources Corp., a Delaware corporation, who subsequently changed its name to Omega Resources Inc. ("Omega"). Omega through its wholly owned Canadian subsidiary, Amingo Resources Inc., was in the business of exploration and mining of gold and other precious metals, primarily in China.
On May 5, 2004, we changed our name to East Delta Resources Corp. and the NASD assigned us a new trading symbol, EDLT. On June 30, 2004, the purchase/merger was finalized and we acquired 100% of the common shares of Omega Resources Inc. (fka, East Delta Resources Corp.) and subsequently took on the business of Omega Resources Inc. and its then subsidiary Amingo Resources.
