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Fosterville South Exploration ( (TSE:GPAC) ) has provided an announcement.
Great Pacific Gold Corp. has announced a strategic spin-out of its Walhalla Gold Project into a new company, Walhalla Gold Corp., offering shareholders one share of Walhalla for each share of Great Pacific they hold. This move, accompanied by a $1.5 million cash payment, allows Great Pacific to focus on its Wild Dog Project in Papua New Guinea, while shareholders retain exposure to the promising Walhalla Project, which boasts significant historical production and exploration potential.
More about Fosterville South Exploration
Great Pacific Gold Corp. is a company involved in the exploration and development of gold projects. Its primary focus is on high-impact projects such as the Wild Dog Project in Papua New Guinea. The company is also involved in the Walhalla Gold Project in Victoria, Australia, which is known for its historical gold production and district-scale potential.
YTD Price Performance: -14.29%
Average Trading Volume: 214,453
Technical Sentiment Signal: Sell
Current Market Cap: C$53.98M
See more insights into GPAC stock on TipRanks’ Stock Analysis page.