Centenario Advances Cabot Project Deal with Ownership Cap on Share Issuance

Centenario Gold Corp. ( (TSE:CTG) ) has issued an announcement.

Centenario Gold Corp. reported that it is progressing toward a definitive option agreement with PNL Ventures Limited to acquire a 100% interest in the Cabot Mineral Project, a copper, gold and cobalt exploration asset on Newfoundland’s Baie Verte Peninsula, a historically significant and actively developing mining district. As part of the deal structure, the company plans to cap share issuances under the option payment schedule so that no recipient, including affiliates, can hold more than 9.99% of Centenario’s outstanding common shares immediately after any such issuance, a move that manages ownership concentration while advancing its strategy to expand its project portfolio in Canada.

More about Centenario Gold Corp.

Centenario Gold Corp. is a Vancouver-based mineral exploration company focused on acquiring, exploring and developing high-potential gold, copper and silver projects across the Americas. Listed on the TSX Venture Exchange, the company targets assets primarily in Mexico and Canada and emphasizes responsible exploration practices and collaboration with local communities, supported by a management team experienced in exploration, project development and capital markets.

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Technical Sentiment Signal: Buy

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