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Great Pacific Gold Completes Asset Sale and Advances Walhalla Spin-Out

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Great Pacific Gold Completes Asset Sale and Advances Walhalla Spin-Out

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Fosterville South Exploration ( (TSE:GPAC) ) just unveiled an announcement.

Great Pacific Gold Corp. has successfully completed the sale of its non-core assets in Victoria, Australia, receiving an additional $1.83 million from the transaction. The company is now focusing on its remaining Australian asset, the Walhalla Project, which is undergoing a spin-out process to form Walhalla Gold Corp. This strategic move is expected to streamline operations and potentially enhance shareholder value.

More about Fosterville South Exploration

Great Pacific Gold is an exploration-stage company with a focus on developing gold-copper resources in Papua New Guinea. The company holds a portfolio of projects, including the Kesar Project in the Eastern Highlands province and the Wild Dog Project in East New Britain province, both of which are in various stages of exploration.

YTD Price Performance: -34.82%

Average Trading Volume: 243,690

Technical Sentiment Signal: Sell

Current Market Cap: C$55.25M

See more data about GPAC stock on TipRanks’ Stock Analysis page.

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