Reglikedomain industry desk

Mining firm states it’s acquiring Jade.com for $1.25 million

Mining firm states it’s acquiring Jade.com for $1.25 million

Domain name is right now owned by Future Media Architects.

jadeA Canadian Jade mining firm states it has entered into an agreement to acquire the Jade.com domain name for USD $1.25 million.

CDN Jade Mine Resources Inc., a Canadian mining firm, stated it is raising CAD $1.8 million to help pay for the domain name. In a release, CEO Shao Long Li stated, “We are extremely pleased to announce our plans to acquire JADE.COM; this could significantly expand our client reach by developing a strong platform for the global trade of jade.”

The firm is focused on mining jade, a green ornamental stone.

CDN Jade Mine Resources stated it plans to close on the transaction as early as today. (Update: the transaction has closed.)

As of right now, the whois record for Jade.com still shows Future Media Architects as the owner. I reached out to Future Media Architects over the weekend to confirm the deal but have not heard back. I also reached out to the buyer this morning and will update this story when I hear back.

Hat Tip: Bill Sweetman

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