Canada’s Brigadier Gold buys Mozambique Gold Corp

4 May 2012

Canadian company Brigadier Gold Ltd said Thursday in Toronto it had successfully closed a private placement financing of US$822,500 by issuing units consisting of one common share each and a one common share purchase warrant allowing the holder to purchase another common share over a two-year period.

The financing served for the Canadian company to finalise the acquisition of 100 percent of Mozambique Gold Corp against payment to the seller of US$2 and a shareholder loan of US$325,000, following a letter of intent signed at the end of March.

The value of Mozambique Gold Corp results from the fact that it has privileged information, surveying material and information about several gold mining projects in Mozambique. (macauhub)