Lode Gold Shareholders Approve Spin-Out of Gold Orogen

Stratabound Minerals ( (TSE:LOD) ) just unveiled an announcement.

Lode Gold Resources Inc. announced that its shareholders have approved a plan to spin out its exploration-focused subsidiary, Gold Orogen. This strategic move aims to enhance the company’s operational focus by separating its exploration assets in Yukon and New Brunswick from its underground mining potential in California. The arrangement is pending final approvals and aims to provide shareholders with shares in both entities, potentially increasing shareholder value and market positioning.

More about Stratabound Minerals

Lode Gold Resources Inc. operates in the mining industry, focusing on gold exploration and development. The company is involved with projects in California, USA, and has interests in exploration assets in Yukon and New Brunswick, Canada.

YTD Price Performance: 11.11%

Average Trading Volume: 12,654

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$8M

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