Montague International Holding Ltd. (OTCPK:MIHL) entered into a definitive letter of intent to acquire 90% stake in Zelta Rasa Nami for $85 million on November 8, 2012. Under certain conditions, Montague International Holding Ltd. may issue up to 600 million shares of its common stock as consideration. The transaction is expected to get completed in the first quarter of 2013.