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United Hunter Oil & Gas ( (TSE:BOCA) ) just unveiled an announcement.
Bocana Resources Corp., a company listed on the TSX Venture Exchange and Frankfurt Stock Exchange, has signed a letter of intent to acquire 100% of the rights to placer mining claims in Pinal County, Arizona, from LP Associates, LLC. The acquisition, valued at $27.5 million, involves 72 claims covering approximately 1,440 acres and is contingent upon several conditions, including financing and regulatory approvals. The company aims to develop these assets quickly to benefit shareholders, with technical reports indicating promising gold and silver grades in the claims.
More about United Hunter Oil & Gas
Technical Sentiment Signal: Sell
Current Market Cap: C$262K
See more insights into BOCA stock on TipRanks’ Stock Analysis page.