Cirrus Gold Corp. (TSE:ACDX) has released an update.
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American Copper Development Corporation significantly reduced its purchase liabilities for the Lordsburg Property by renegotiating terms, cutting down the amount owed to Waterton from CAD$5 million to CAD$400,000, with a final payment due by August 2025. The deal also included a payment of CAD$625,000 and the issuance of over 1.5 million shares to Waterton. This financial maneuver allows the company to further explore the copper/gold mineralization in the Lordsburg district amid a copper bull market.
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