The latest announcement is out from Guardian Exploration ( (TSE:GX) ).
Guardian Exploration Inc. has signed a definitive agreement to acquire the Sundog Gold Project in Kivalliq, Nunavut, from New Break Resources Ltd. The acquisition involves Guardian issuing 5,000,000 common shares and making a cash payment of $75,000 to New Break, along with assuming obligations under the existing Mineral Exploration Agreement. This strategic acquisition is expected to enhance Guardian’s portfolio in mineral exploration, with potential implications for its market positioning and stakeholder interests, pending necessary approvals.
More about Guardian Exploration
Guardian Exploration Inc. is a publicly traded company listed on the TSXV, engaged in the business of oil, gas, and mineral exploration and development. The company has a primary focus on the Mount Cameron Property in the Yukon’s Mayo Mining District and also holds mineral claims on southern Dall Island, Southeast Alaska, USA, known as the Kaigani claims.
YTD Price Performance: 50.0%
Average Trading Volume: 24,784
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$7.81M
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