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An announcement from Canary Gold Corp. ( (TSE:BRAZ) ) is now available.
Canary Gold Corp. has completed the final share-based payment under its purchase agreement with Talisman Venture Partners, issuing 1.5 million common shares at CAD$0.30 to settle the remaining CAD$450,000 owed for a 100% interest in ten mineral tenements in Rondônia, Brazil. This closes out a CAD$1.7 million cash-and-share deal that secures full ownership of approximately 94,700 hectares while leaving Talisman with a 1.0% net smelter return royalty, half of which Canary can buy back for CAD$1 million, consolidating the company’s strategic land position in the Madeira River gold district and potentially strengthening its long-term exploration platform in the region.
More about Canary Gold Corp.
Canary Gold Corp. is a Canadian public exploration company focused on acquiring and advancing gold projects in Brazil. The company holds an option to earn up to a 70% interest in the Rio Madeira Project and has recently expanded its footprint with additional mineral tenements, giving it a dominant, strategically consolidated land position in the Madeira River region of Rondônia, one of Brazil’s underexplored gold provinces.
Average Trading Volume: 99,913
Technical Sentiment Signal: Sell
Current Market Cap: C$9.33M
Learn more about BRAZ stock on TipRanks’ Stock Analysis page.