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Ardiden ( (AU:ADV) ) has issued an announcement.
Ardiden Ltd has completed its merger with Lac Gold Limited, acquiring 100% of its shares, and now controls two major gold projects in Canada. The merger enhances Ardiden’s financial position with over $20 million in cash and strengthens its leadership team, positioning the company for long-term value creation. The reconstituted board, led by Ian Hume, is set to drive the integration and development of the Rouyn and Pickle Lake projects, with immediate plans for drilling and exploration. The merger is expected to provide operational continuity and governance alignment, benefiting stakeholders and enhancing Ardiden’s industry positioning.
More about Ardiden
Ardiden Ltd is a company operating in the mining industry, focusing on gold exploration and development. It has significant projects located in Canada’s premier gold jurisdictions, including the Abitibi gold belt in Québec and the Uchi Geological Subprovince in north-west Ontario.
Average Trading Volume: 516,707
Technical Sentiment Signal: Buy
Current Market Cap: A$18.42M
For an in-depth examination of ADV stock, go to TipRanks’ Overview page.