Gold Bag Signs Agreement to Acquire High Grade Gold Mine in Mexico

Gold Bag Inc. (OTC:GBGI) and its wholly owned subsidiary, Focus Gold Mexico Corp. signs a definitive agreement to acquire Fairfields Gold S.A. de CV.

The press release is quoted as saying:

As part of the transaction, Fairfields will be appointing one member to the board of directors of GBGI and the Fairfields management team will be staying on to help operate the Project going forward. The acquisition is expected to close in December 2010.

Click here to access the entire press release