Executive Summary
Patagonia Gold Plc (formerly HPD Exploration Plc) was originally incorporated in 2000 as a wholly owned subsidiary of Brancote Holdings Plc in order to hold exploration projects other than its Esquel Gold Project in Argentina. Brancote Holdings Plc proceeded to de-merge its subsidiary by way of an offer to shareholders and traded on OFEX since January 2001. Brancote Holdings Plc was subsequently acquired by Meridian Gold Inc. in July 2002 for US$368 million. The stated core focus of Patagonia Gold Plc is the discovery of ore bodies able to host multi million ounce deposits in the principle area of operation: South America, whilst maintaining an exploration interest in New Zealand.
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