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Great Pacific Gold ( (TSE:GPAC) ) has shared an announcement.
Great Pacific Gold has completed the spin-out of Walhalla Gold Corp., distributing Walhalla shares to its shareholders. This strategic move allows Walhalla, which owns the Walhalla Gold Project in Victoria, Australia, to become a reporting issuer in British Columbia and potentially list on the Canadian Securities Exchange. The spin-out also results in the cancellation of GPAC’s Class A shares, with shareholders receiving new GPAC shares. This development is expected to enhance the company’s operational focus and market positioning while retaining a 2% net smelter return royalty on the Walhalla Gold Project.
More about Great Pacific Gold
Great Pacific Gold is a gold-copper development company focused on exploration-stage projects in Papua New Guinea, including the Wild Dog Project and the Kesar Project. The company aims to become a leading player in the region, with significant exploration activities and promising drilling results.
Average Trading Volume: 226,212
Technical Sentiment Signal: Buy
Current Market Cap: C$88.34M
For a thorough assessment of GPAC stock, go to TipRanks’ Stock Analysis page.