AC/DC Battery Metals, Inc. (TSE:ACDC) has released an update.
AC/DC Battery Metals Inc. has struck a deal to sell its North Central British Columbia mineral claims to Grid Battery Metals Inc., in a transaction involving cash reimbursement and stock issuance pending TSX Venture Exchange approval. The agreement is considered a related party transaction due to shared leadership between the companies, though it falls below the threshold requiring formal valuation or minority shareholder approval. This strategic move does not lead to any change in company control or creation of new insiders.
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