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Taura Gold, Inc. ( (TSE:TORA) ) has shared an update.
Axcap Ventures Inc. has entered into an agreement to acquire Taura Gold Inc., with the transaction set to result in Axcap continuing its existing business while also taking on Taura’s operations. This strategic move includes a C$12.5 million private placement and will see Taura delisted from the TSX Venture Exchange. The acquisition aims to leverage the expertise of former Roxgold principals to advance the Converse Gold Project, which is one of the largest gold resources in Nevada not owned by a major mining company. The project, located in a prime mining region, has significant potential for expansion and development, promising substantial benefits for stakeholders.
More about Taura Gold, Inc.
Taura Gold Inc. is a company operating in the gold mining industry, focusing on the development and exploration of gold resources. The company is involved in the Converse Gold Project located in the Battle Mountain Trend in Northern Nevada, a prolific gold-producing region.
Average Trading Volume: 1,392
Technical Sentiment Signal: Buy
Current Market Cap: C$4.25M
See more insights into TORA stock on TipRanks’ Stock Analysis page.