Austral Gold Limited (AU:AGD) has released an update.
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Austral Gold Limited has announced a strategic sale of shares in Unico Silver Limited to two of its directors, as part of a related party transaction approved by independent directors and pending TSX Venture Exchange approval. The transaction, involving over 5 million Unico Shares, aims to provide Austral Gold with approximately A$905,000 in working capital. The company emphasizes that the sale price is based on independent market pricing, ensuring fairness in the transaction.
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