Ensurge Inc. (OTCBB:ESGI) entered into an agreement to acquire 80% stake in TransGlobal Gold Corp. for $0.06 million in stock on May 23, 2013. As per the agreement, Ensurge will issue 6 million shares of commom stock as consideration. Of the 6 million shares, 4 million shares will be held in escrow until total production has reached 300 aggregate ounces of combined precious metals. As a result of the exchange of shares, TransGlobal will become a majority-owned subsidiary of Ensurge. The transaction is subject to accuracy of all balance sheets, statements of income and other financial statements of TransGlobal.

Ensurge Inc. (OTCBB:ESGI) completed the acquisition of 80% stake in TransGlobal Gold Corp. in stock on May 23, 2013.