Note 5 - Business Combinations

9 Months Ended

Sep. 30, 2013

Notes

Note 5 - Business Combinations

NOTE 5 – BUSINESS COMBINATIONS

On May 23, 2013, the Company acquired 80 percent of the outstanding shares of TransGlobal Gold Corp. stock (8,000 shares), by issuing 6,000,000  shares of common stock valued at approximately $660,000.  TransGlobal Gold Corp owns land rights, mining licenses and contracts to mine in Guyana.  The Company had goodwill of $660,000 arising from the acquisition was expensed during the 2^nd quarter of 2013.  This transaction has been accounted for according to the FASB ASC 805 guidelines.

The acquisition of 80 percent of TransGlolal Gold Corp was valued as below:

Consideration
Equity instruments (6,000,000 common shares of Ensurge)	$   660,000
Fair value of total consideration transferred	660,000
Assets acquired and liabilities assumed	-
Goodwill	$   660,000
Goodwill Impaired	$   (660,000)
Goodwill Balance	$   0

Including in the financial statements as of September 30, 2013, from TransGlobal Gold Corp. were fixed assets of $62,417, revenue of $35,284 and operating expenses of $253,367.