Ongold Resources Ltd (TSE:ONAU) has released an update.
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ONGold Resources Ltd. has announced its acquisition of the Monument Bay and Domain Projects in Manitoba from Agnico Eagle Mines and Capella Minerals, marking a strategic move to enhance their exploration portfolio. The acquisition involves a $250,000 cash payment and 8.7 million ONGold shares, giving Agnico Eagle a 15% stake in the company. This expansion is set to bolster ONGold’s presence in the Stull Lake Greenstone belt, positioning them as a prominent junior explorer in Northern Canada.
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