Visible Gold Mines Secures Extension for Share Purchase Warrants

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Visible Gold Mines Secures Extension for Share Purchase Warrants

An announcement from Visible Gold Mines ( (TSE:VGD) ) is now available.

Visible Gold Mines Inc. announced that the TSX Venture Exchange has approved a three-year extension for 1,250,000 common share purchase warrants initially issued in April 2023. This extension, which now allows the warrants to be exercised until April 2028, was unanimously approved by the company’s board, excluding the non-independent director, Martin Dallaire, who holds a significant number of these warrants. The extension is considered a related party transaction but is exempt from certain regulatory requirements, and it aims to benefit the company’s strategic interests without altering Mr. Dallaire’s holdings.

More about Visible Gold Mines

Visible Gold Mines Inc. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily engaged in identifying and acquiring gold mining projects, with a market focus on increasing its gold reserves and production capabilities.

Average Trading Volume: 44,836

Technical Sentiment Signal: Buy

Current Market Cap: C$2.97M

For an in-depth examination of VGD stock, go to TipRanks’ Stock Analysis page.

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