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Great Pacific Gold Announces Spin-Out of Walhalla Gold Project

Story Highlights
  • Great Pacific Gold Corp. is spinning out shares of Walhalla Gold Corp. to its shareholders.
  • The Walhalla Gold Project in Victoria, Australia, is poised for exploration with immediate shareholder benefits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Great Pacific Gold Announces Spin-Out of Walhalla Gold Project

Confident Investing Starts Here:

The latest announcement is out from Fosterville South Exploration ( (TSE:GPAC) ).

Great Pacific Gold Corp., a company involved in gold exploration, has announced a spin-out transaction to distribute shares of a new entity, Walhalla Gold Corp., to its shareholders. This move aims to create immediate value for shareholders and involves the Walhalla Gold Project in Victoria, Australia, known for its historic gold production. The project includes a district-scale land package with advanced and greenfield targets, such as the Pinnacles target, which is ready for drilling. The transaction will also provide Great Pacific with $1.5 million in cash and a 2% Net Smelter Royalty, maintaining its stake in the project’s future success.

More about Fosterville South Exploration

Average Trading Volume: 163,444

Technical Sentiment Signal: Sell

Current Market Cap: C$46.67M

See more insights into GPAC stock on TipRanks’ Stock Analysis page.

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