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Nevada Zinc ( (TSE:NZN) ) has provided an announcement.
Nevada Zinc Corporation has completed the sale of its mineral claims in Eureka County, Nevada, to Minaurum Gold Corp. This transaction involved the transfer of 203 mineral claims, with Minaurum issuing shares and cash to Nevada Zinc. As a result of this sale, Nevada Zinc’s shares will be moved to the NEX Board of the TSX Venture Exchange due to not meeting Tier 2 listing requirements. Additionally, Nevada Zinc has extended a secured loan from a director, which was used for operational expenses, and the transaction was approved under related party transaction exemptions.
More about Nevada Zinc
Nevada Zinc Corporation operates in the mineral exploration industry, focusing on zinc and other mineral claims. The company is exploring strategic alternatives to enhance shareholder value.
Average Trading Volume: 1,765,597
Technical Sentiment Signal: Sell
Current Market Cap: C$506.3K
Find detailed analytics on NZN stock on TipRanks’ Stock Analysis page.