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)