Canada’s Brigadier Gold Limited plans to buy company that has confidential information about gold resources in Mozambique

30 March 2012

Canadian company Brigadier Gold Limited has signed a statement of intent to acquire the entire share capital of and take on the debt of Mozambique Gold Corp, a private Vancouver-based company, Brigadier said in a statement issued Thursday in Toronto.

Mozambique Gold Corp has privileged information – surveys and research information – about a number of gold projects in Mozambique and its only debts are shareholder loans totalling US$325,000, which was used to acquire the confidential information.

Brigadier Gold Limited also said it planned a private placement of 6.5 million shares to raise the US$325,000 needed to fund its acquisition of Mozambique Gold Corp.

According to information published in the statement closing the deal depends on the success of the private share placement. (macauhub)

MACAUHUB FRENCH