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Compass Gold ( (TSE:CVB) ) has provided an update.
Compass Gold Corp. announced its intention to extend the expiry date of over 7.2 million common share purchase warrants to December 31, 2025, due to a two-year suspension of the Malian mining code, which delayed planned activities. This extension, which involves warrants held by insiders, is considered a related party transaction but falls within exemptions due to its market value. The extension is pending final approval from the TSX Venture Exchange.
More about Compass Gold
Compass Gold Corp. is a public company incorporated in Ontario and listed as a Tier 2 issuer on the TSX Venture Exchange. The company focuses on gold exploration in Mali, holding permits for the Sikasso Property, which spans 1,173 square kilometers in southern Mali. This region is notable for hosting several multi-million-ounce gold projects. The company’s exploration efforts are led by a Mali-based technical team under the supervision of Dr. Sandy Archibald.
Average Trading Volume: 48,708
Technical Sentiment Signal: Buy
Current Market Cap: C$19.23M
Learn more about CVB stock on TipRanks’ Stock Analysis page.