Midwest Gold’s subsidiary -- Midwest Energy has proposed to make further investment not exceeding $2,50,000 in one or more tranches into the equity capital of Midwest Energy Devices INC, USA. Midwest Energy Devices INC is a foreign wholly owned subsidiary of Midwest Energy.
The proposed investment is intended to support the operational and business expansion needs of the Midwest Energy Devices INC. The transaction is expected to be completed within 60 days.
Midwest Gold is engaged in the business of manufacturing and marketing of granite slabs and tiles.
