Michelago suffers investment hiccup

MICHELAGO could be looking for a new funding partner for the acquisition of the BioGold project in China after Canadian exploration and technology company BacTech Mining Corp pulled out of a proposed $3.24 million investment.

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Last December BacTech signed a memorandum of understanding to invest in a new joint venture formed by Michelago and Shandong Tarzan BioGold (BioGold), by way of an investment in Michelago.

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