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Friday, 17th December 2004 (7374 views)

Hidefield Gold has announced it has reached an agreement to acquire a significant share in Piper Capital, a Canadian mineral resource company.<br/><br/>The shareholding is being acquired through a subscription for 2,500,000 'units' with a total consideration of CAN $500,000 and will result in Hidefield holding an approximately 22 per cent stake in the company.<br/><br/>According to Hidefield, the deal will come into place once the company is listed on the TSX Venture Exchange.<br/><br/>In addition, Hidefield has been granted the right to acquire 50 per cent of Piper's interest in the 'Golden Zone' gold project if it provides funding towards exploration costs.<br/><br/>The project is made up of 223 state mineral claims covering 8,920 acres in the Chulitna-Yentna Mineral Belt in central Alaska.<br/><br/>Hidefield has investment and project interests in North and South America and its main project activity is based in Brazil.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7345578"/>

 

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