An update from Fosterville South Exploration ( (TSE:GPAC) ) is now available.
Great Pacific Gold has completed the sale of its Reedy Creek and Providence Projects in Australia to Golden Cross Resources Inc. for $1,000,000 in cash and 6,000,000 common shares of Golden Cross. This transaction allows Great Pacific Gold to focus on its core projects and potentially enhances its financial position, while Currawong Resources, a subsidiary, retains rights to future payments contingent on resource establishment and commercial production.
More about Fosterville South Exploration
Great Pacific Gold is a company with a portfolio of exploration-stage projects in Papua New Guinea and Australia, focusing on developing gold-copper resources. Its core projects include the Kesar Project in Papua New Guinea, which is a greenfield exploration project with high-priority targets and promising gold prospects.
YTD Price Performance: -51.28%
Average Trading Volume: 95,245
Technical Sentiment Signal: Buy
Current Market Cap: $21.77M
For a thorough assessment of GPAC stock, go to TipRanks’ Stock Analysis page.