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Canary Gold Corp. ( (TSE:BRAZ) ) has shared an update.
Canary Gold Corp. has announced a binding letter of intent to acquire ten additional mineral tenements, totaling approximately 94,700 hectares, in Rondônia, Brazil, from Talisman Venture Partners Ltd. This acquisition will significantly expand Canary Gold’s land position within the Madeira River Project, enhancing its exploration footprint in a highly prospective gold region. The transaction involves a combination of cash and shares, and Talisman will retain a 1.0% Net Smelter Return royalty on the properties. The acquisition is subject to customary closing conditions, including CSE approval and due diligence.
More about Canary Gold Corp.
Canary Gold Corp. is a Canadian public exploration company focused on acquiring and developing gold projects in Brazil. The company holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through staged exploration expenditures and milestone payments.
Average Trading Volume: 87,143
Learn more about BRAZ stock on TipRanks’ Stock Analysis page.