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Los Cerros ( (AU:LCL) ) has issued an update.
LCL Resources Limited has renegotiated its Share Purchase Option Agreement with Tiger Gold Corp, increasing the total consideration for its Colombian assets to $14 million. The revised agreement includes a significant increase in the payment upon the first gold pour and the removal of the ‘Stay Private’ option, which is expected to encourage shareholder approval at the upcoming AGM.
More about Los Cerros
LCL Resources Limited is a company operating in the mining industry, focusing on gold projects. Its primary assets include the Andes Gold Project and the Quinchia Gold Project in Colombia.
Average Trading Volume: 2,038,371
Technical Sentiment Signal: Sell
Current Market Cap: A$8.36M
Learn more about LCL stock on TipRanks’ Stock Analysis page.