Golden Age Resources has signed a letter of intent to purchase Griffin Holdings and IT Solutions.

Under the agreement, Golden Age will acquire 100% of the issued and outstanding stock of Griffin.

Griffin, a technology company, is involved in providing IT solutions and health care services to its clients.

In addition, Griffin is involved into consulting engagements and is diversifying with a planned acquisition program underway.

The acquisition is anticipated to be finalized prior to the end of the third quarter in 2012.