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Greencastle Resources ( (TSE:VGN) ) has provided an announcement.
Greencastle Resources Ltd. has agreed to acquire 4,000,000 common shares of Green Shift Commodities Ltd. from an arm’s-length vendor in an all-share transaction valued at $180,000, issuing 3,600,000 Greencastle common shares at a deemed price of $0.05 per share. The move, which marks Greencastle’s first position in Green Shift, aligns with its strategy of building a portfolio of targeted resource-sector investments and is intended to enhance its exposure to commodity-cycle upside; the deal remains subject to customary corporate approvals and TSX Venture Exchange acceptance, with the consideration shares locked up for four months and one day before becoming tradable, and no finder’s fees or related-party complications involved.
More about Greencastle Resources
Greencastle Resources Ltd., listed on the TSX Venture Exchange, operates as an investment-focused company in the resource sector, pursuing selective equity positions in prospective commodity and natural resource companies and projects to gain exposure to potential upside in commodity cycles.
Average Trading Volume: 32,193
Technical Sentiment Signal: Hold
Current Market Cap: C$1.39M
For an in-depth examination of VGN stock, go to TipRanks’ Overview page.