Kestrel Gold (TSE:KGC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kestrel Gold Inc. has finalized the acquisition of a 100% interest in the QCM Property, following a transaction with Bernard Kreft that involved a $100,000 cash payment and the issuance of 2.5 million common shares. This strategic move, fueled by confidence from positive drilling results and a robust gold market, positions Kestrel for enhanced advancement of the property. Post-transaction, Kreft’s ownership has increased to approximately 12.14% of Kestrel’s common shares, with the potential for future market action based on prevailing conditions.
For further insights into TSE:KGC stock, check out TipRanks’ Stock Analysis page.