Greenridge Exploration Inc (TSE:GXP) has released an update.
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Goldstake Explorations Inc. and Transpacific Resources Inc. have successfully completed the sale of their interests in the Clay Property to MAG Silver Corp.’s Gatling Exploration Inc. for C$5 million. The transaction was settled in cash with Goldstake and Transpacific receiving their respective shares of 75% and 25% of the purchase price, adjusted for transaction expenses. This deal further consolidates Goldstake’s portfolio of precious metal projects across North America and Australia, while Transpacific continues its mineral explorations in Ontario.
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