Golden Shield Resources Inc. (TSE:GSRI) has released an update.
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Golden Shield Resources Inc. is set to acquire Tucano Gold Inc., aiming to leverage the exploration potential and production capabilities in the Guiana Gold Shield region. The proposed non-binding agreement anticipates a reverse takeover, with Golden Shield issuing shares to Tucano Gold’s shareholders, subject to finalizing a definitive agreement. The strategic merger is expected to enhance Golden Shield’s asset base and operational strength in gold exploration and production.
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