Signal Gold Sells Stake in Magna Terra

Signal Gold (TSE:SGNL) has released an update.

Signal Gold Inc. has sold its entire stake of 15 million shares in Magna Terra Minerals, amounting to 18.1% of the company’s total shares, for approximately $225,537. This strategic move indicates that Signal Gold, which is advancing its Goldboro Gold Project in Nova Scotia, is not planning to acquire more shares in Magna Terra at this time. The recent sale aligns with Signal Gold’s focus on future growth opportunities, including a planned merger with NexGold.

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