Borneo Resource Investments Ltd. (OTCPK:BRNE) entered into a purchase agreement to acquire 30 hectare property in Southeast Minahasa Regency of the North Sulawesi Province from PT Puncak Kalabat for $2 million on March 22, 2013. As per the deal, $5,000 will be paid on execution of this agreement, receipt of which is duly acknowledged, $0.05 million on or before April 30, 2013, $0.45 million on or before June 30, 2013 and rest $1.5 million on or before December 31, 2013. After PT Puncak has received the second payment, it will deliver duly executed transfers of the interest in 30 hectare property. James Crane of Proactive Capital Group acted as public relation advisor to Borneo Resource.

Borneo Resource Investments Ltd. (OTCPK:BRNE) cancelled the acquisition of 30 hectare property in Southeast Minahasa Regency of the North Sulawesi Province from PT Puncak Kalabat on June 10, 2013. The reasons for termination were not disclosed.