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Taura Gold, Inc. ( (TSE:TORA) ) has issued an announcement.
Axcap Ventures Inc. and Taura Gold Inc. have announced the closing of a C$12.5 million non-brokered private placement, which is part of a plan for Axcap to acquire all outstanding shares of Taura. The funds will be used for property payments related to Axcap’s Converse Gold Project in Nevada and general corporate purposes. Significant management changes have been made at Axcap, including the appointment of John Dorward as CEO. This move is seen as a strategic step towards advancing the Converse Project, which has a substantial mineral resource base.
More about Taura Gold, Inc.
Axcap Ventures Inc. is focused on consolidating neglected resources in the USA and Canada, aiming to deliver a portfolio of development-ready gold resources. Taura Gold Inc. is engaged in gold exploration in Canada.
Average Trading Volume: 53,737
Technical Sentiment Signal: Buy
Current Market Cap: C$6.9M
See more insights into TORA stock on TipRanks’ Stock Analysis page.