Trojan Gold, Inc. (TSE:TGII) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Trojan Gold Inc. has secured a 50% stake in the Paulpic-Wascanna gold property in Northwestern Ontario through an option agreement, which includes significant gold deposits and several under-explored occurrences. The deal involves issuing 5 million common shares to the original option holders at $0.05 each. The transaction, potentially a ‘related party transaction’, falls below the threshold requiring a formal valuation or minority shareholder approval.
For further insights into TSE:TGII stock, check out TipRanks’ Stock Analysis page.