Ranchero Gold Corp (TSE:RNCH) has released an update.
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Ranchero Gold Corp. has signed a letter of intent to divest its Mexican subsidiary, Minera y Metalurgia Paika, which will alleviate over $3.5 million in liabilities and allow the company to concentrate on its Pinchi Lake nickel project. Additionally, Ranchero has agreed to a related-party loan to Toro Silver Corp. to finance its audit, with the loan being subject to TSX Venture Exchange approval.
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