CNGHK will acquire 95% of the issued and outstanding shares of Mundoro Mining Inc. ("MMI"), the Company's wholly owned subsidiary, for a cash purchase price of CDN$13,800,000, with the Company retaining 5% of the issued and outstanding shares of MMI (the "Strategic Transaction"). MMI has an interest in the Maoling Gold Project ("Maoling"...PUT IT IN CGG NAME AND GO TO 49% OF CGG ...CNG!