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Marvel Gold Ltd. ( (AU:MVL) ) has issued an announcement.
Marvel Gold Limited has entered into a new share purchase agreement with PMCE International Limited, a subsidiary of Anchises Capital LLC, to sell its interests in the Tabakorole Gold Project in Mali. This agreement replaces a previous one and includes a $1,150,000 payment structure and a 5% royalty over five years. Additionally, Anchises has subscribed to Marvel shares, providing funds to advance Marvel’s projects and for general working capital. This strategic move allows Marvel to focus on its remaining projects in Mali and leverage the financial backing from Anchises.
More about Marvel Gold Ltd.
Marvel Gold Limited is an Australian resources company listed on the Australian Securities Exchange, focusing on gold exploration and mining. It recently acquired the Hanang Gold Project in Tanzania and holds shares in Evolution Energy Minerals Limited. The company has a skilled management team with expertise in exploration and mining.
Average Trading Volume: 2,580,104
Technical Sentiment Signal: Buy
Current Market Cap: A$26.7M
Find detailed analytics on MVL stock on TipRanks’ Stock Analysis page.