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Edgemont Gold Corp. ( (TSE:EDGM) ) has issued an announcement.
Edgemont Gold Corp. has announced a non-binding letter of intent to acquire Laiva Gold Inc., a private company based in Alberta, which marks a significant strategic move for Edgemont. This transaction, if finalized, will involve Edgemont issuing shares to Laiva’s shareholders and is expected to lead to a ‘Fundamental Change’ requiring Canadian Securities Exchange approval. Additionally, Edgemont has provided a $750,000 bridge loan to Laiva and plans to conduct private placement offerings to raise necessary capital, highlighting the company’s efforts to expand its operations and enhance its market position.
More about Edgemont Gold Corp.
Edgemont Gold Corp. is a company operating in the mining industry, focused on acquiring and developing gold resources. The company is primarily involved in the exploration and potential acquisition of gold assets, aiming to strengthen its position in the market.
YTD Price Performance: 125.00%
Average Trading Volume: 79,319
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.62M
For detailed information about EDGM stock, go to TipRanks’ Stock Analysis page.
