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The latest announcement is out from E2Gold ( (TSE:ETU) ).
E2Gold Inc. has accused Exploits Discovery Corp. of breaching a non-disclosure agreement by optioning the Hawkins property from Pavey Ark Minerals, which is within 2 km of E2Gold’s existing mineral properties. E2Gold is considering all legal remedies, including seeking to unwind the agreement or seeking compensation. The company is also reviewing its business strategies and exploring merger and acquisition opportunities.
More about E2Gold
E2Gold Inc. is a Canadian gold exploration company with a 541 claim exploration property adjacent to the Hawkins Property, spanning four townships in north-central Ontario. It is located about 140 km east of the Hemlo Gold Mine and 75 km north of the Magino and Island Gold Mines.
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.15M
See more data about ETU stock on TipRanks’ Stock Analysis page.