Landore Resources (GB:LND) has released an update.
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Landore Resources has received a cash payment and shares from Storm Exploration as part of an option agreement involving the disposal of its interests in Miminiska Lake and Keezhik Lake properties. This transaction increases Landore’s stake in Storm to 7.3% and allows the company to concentrate on advancing its BAM Gold Project in Ontario. The strategic move is expected to benefit both companies as Storm focuses on developing the acquired properties.
For further insights into GB:LND stock, check out TipRanks’ Stock Analysis page.
