WGE Holdings Corp. (OTCPK:WGEE) entered into a preliminary purchase agreement to acquire a 65% stake in Philippines gold mining operation in Luzon on August 29, 2016. WGE Holdings Corp. has also got an option to acquire the remaining stake in the operations over a five-year period. The transaction is expected to be close by end of 2016. Gary S. Maier of Maier & Company, Inc. acted as public relations advisor in the transaction.