Spanish Mountain Gold (TSE:SPA) has released an update.
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Spanish Mountain Gold Ltd. has announced an agreement with Whittle Consulting Ltd., where Whittle will convert $348,000 of service fees into 1,831,579 common shares of the company, priced at $0.19 each. This conversion is part of a compensation for Whittle’s Enterprise Optimization Study on Spanish Mountain Gold’s project in British Columbia, which aims to maximize the project’s operational and financial potential. Share issuance is pending TSX Venture Exchange approval and will be subject to a four-month hold period.
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