Kestrel Gold (TSE:KGC) has released an update.
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Kestrel Gold Inc. has finalized the acquisition of a 100% interest in the QCM Property, following a transaction with Bernard Kreft that involved a $100,000 cash payment and the issuance of 2.5 million common shares. This strategic move, fueled by confidence from positive drilling results and a robust gold market, positions Kestrel for enhanced advancement of the property. Post-transaction, Kreft’s ownership has increased to approximately 12.14% of Kestrel’s common shares, with the potential for future market action based on prevailing conditions.
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