Cygnus Gold Ltd. (AU:CY5) has released an update.
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Cygnus Metals Limited has announced a merger with Doré Copper Mining Corp, aiming to leverage Cygnus’ exploration expertise to advance a high-grade copper-gold project in Quebec. The merged entity will focus on expanding the impressive copper and gold resources, with plans to raise A$11 million to fund resource growth and the pathway to production. Cygnus shareholders will own 55% of the Merged Group post-transaction, which is expected to close by late December 2024.
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