On January 31, 2007, Luna Gold Corp. announced the closing of the purchase of 99.99% of the issued and outstanding shares of Aurizona Goldfields Corporation pursuant to a Share Purchase Agreement entered into with Eldorado Gold Corporation and Brascan Recursos Naturais SA (a wholly owned subsidiary of Brascan Brasil) as announced on December 21, 2006.
Aurizona's principal asset is a 99.99% shareholding in Mineracao Aurizona S.A., whose main asset is the Piaba gold project in Maranhao State, Brazil.
Eldorado Gold was advised in this transaction by a team from Fasken Martineau including Josh Lewis and Sarah Mamoser.