Gold79 Mines (TSE:AUU) has released an update.
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Gold79 Mines Ltd. is set to merge with Bullet Exploration Inc., forming a well-capitalized gold exploration powerhouse in the Southwest U.S., with a focus on advancing multiple gold projects including the promising Gold Chain and Jefferson North Gold-Silver projects. The merger will see Bullet shareholders receive Gold79 shares at a specified exchange ratio, with a resultant combined company offering a diversified portfolio and improved market position. Alongside the merger, Gold79 aims to raise additional capital to further its exploration endeavors and resource definition.
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