Outback Goldfields Corp (TSE:OZ) has released an update.
Outback Goldfields Corp. has announced the signing of a definitive agreement to acquire a subsidiary of S2 Resources Ltd. which holds valuable gold projects in Finland. The deal includes a payment of $1.5 million in cash and $5.5 million in shares, contingent on a $5 million private placement. This strategic move positions Outback in a significant gold district, enhancing its exploration prospects and asset portfolio.
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