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An announcement from Mineral Road Discovery ( (TSE:ROAD) ) is now available.
Mineral Road Discovery Inc. has issued 5,000,000 units to Mineral Road Partners Inc. at a deemed price of $0.10 per unit, each unit comprising one common share and one warrant exercisable at $0.20 until December 29, 2027, with all securities subject to a four‑month‑and‑one‑day hold period. In exchange, the company acquired 2,000,000 common shares of Golcap Resources Corp. at a deemed price of $0.25 per share, valuing the transaction at $500,000, and relied on exemptions under MI 61‑101 due to its related‑party relationship with Mineral Road Partners, which is controlled by interim CEO and executive chairman Damien Reynolds.
More about Mineral Road Discovery
Mineral Road Discovery Inc. (CSE: ROAD) is a Vancouver-based company listed on the Canadian Securities Exchange, operating in the mineral exploration and resource sector. The company focuses on building value through strategic investments and share-based transactions within the mining and exploration industry.
Average Trading Volume: 45,194
Technical Sentiment Signal: Sell
Current Market Cap: C$2.88M
For detailed information about ROAD stock, go to TipRanks’ Stock Analysis page.