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South Atlantic Gold ( (TSE:SAO) ) just unveiled an update.
South Atlantic Gold Inc. has secured a $500,000 loan through an unsecured promissory note agreement with a related party to provide short-term working capital and support the development of its Pedra Branca project. This transaction is categorized as a ‘Related Party Transaction’ under Multilateral Instrument 61-101, but the company is exempt from certain requirements due to the transaction’s value relative to its market capitalization.
More about South Atlantic Gold
South Atlantic Gold Inc. is an exploration company focused on acquiring and advancing mineral properties in the Americas.
YTD Price Performance: 33.33%
Average Trading Volume: 385,066
Technical Sentiment Signal: Sell
Current Market Cap: C$2.19M
Find detailed analytics on SAO stock on TipRanks’ Stock Analysis page.