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Drake buys into Brazil gold mystery

The latest chapter of the Brazilian gold mystery that is BBX Minerals sees New York-based global macro fund Drake Private Investments seeking to buy out other shareholders.

Mining Journal
BBX Minerals’ Brazil property portfolio

BBX Minerals’ Brazil property portfolio

Drake, which already holds more than 38.5% of BBX, is offering its fellow shareholders A4.5c for their stock. The price values the company at more than A$12 million (US$9 million), and is a more than 20%...

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