Troubadour Resources (TSE:TR) has released an update.
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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.
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