Troubadour Resources (TSE:TR) has released an update.
Troubadour Resources Inc. has amended its Option Agreement with Xander Resources Inc., altering the terms of share issuance to ensure that Xander and an arms-length party do not exceed a 10% ownership threshold after receiving shares at stipulated milestones. The overall share distribution commitment remains at 5 million shares, allowing Xander to earn a full 100% interest. Approval from the TSX Venture Exchange is pending for the amended terms.
For further insights into TSE:TR stock, check out TipRanks’ Stock Analysis page.
