Brazilian Gold (TSX: V.BGC, Stock Forum) late Thursday said it has signed an indicative, non-binding and conditional letter of intent in which Kingwell Group Limited may make a general cash offer to Brazilian Gold shareholders for not less than 50.95% of the outstanding common shares of the company at a price of 27 cents per share, this according to a company news release
Kingwell is a company incorporated in the Cayman Islands and its shares are listed on the Hong Stock Exchange.
Brazilian Gold acquires and develops gold properties in northern Brazil.