Nevada King Gold Corp (TSE:NKG) has released an update.
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Nevada King Gold Corp. has received overwhelming shareholder approval for the spin-out of its non-Atlanta claims into a new entity, NV King Goldlands Inc., which will hold a significant mineral claim package in Nevada. Investors will gain stakes in two specialized entities, with Nevada King focusing on the Atlanta Gold Mine Project and SpinCo on a vast Battle Mountain Trend mineral claim area. The finalization of the arrangement is subject to court approval, with an expected effective date in early August 2024.
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