Chibougamau Independent Mines (TSE:CBG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Chibougamau Independent Mines Inc. is nearing the completion of its East Block copper-gold properties sale to TomaGold Corporation, with an updated purchase price increased by $500,000. To facilitate the complex legal and regulatory processes, Chibougamau has extended the transaction deadline to April 30, 2024. Both Chibougamau and Globex Mining will retain a 2% Gross Metal Royalty, with a 0.5% buyback option available.
For further insights into TSE:CBG stock, check out TipRanks’ Stock Analysis page.