Friday, 17th December 2004 (3255 views)

Hidefield Gold has announced it has reached an agreement to acquire a significant share in Piper Capital, a Canadian mineral resource company.

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.

According to Hidefield, the deal will come into place once the company is listed on the TSX Venture Exchange.

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.

The project is made up of 223 state mineral claims covering 8,920 acres in the Chulitna-Yentna Mineral Belt in central Alaska.

Hidefield has investment and project interests in North and South America and its main project activity is based in Brazil.

 

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