Wire
VCI Global Signs Binding Term Sheet for Proposed Investment in Brazil Gold Project
VCI Global (VCIG) said Thursday it has signed a binding term sheet for a proposed investment in a gold mining asset that is at an early development stage in Brazil.Financial details were not provided, but the company said it has an option to increase its ownership interest to up to 51%.Under the terms of the deal, VCI Global said it intends to make an initial investment in the project and is expected to become an engineering, procurement, and construction partner, subject to the execution of definitive agreements.Shares of VCI Global were down more than 2% in Thursday trading.Price: $0.89, Change: $-0.02, Percent Change: -2.18%
$VCIG