Treasury Metals (TSE:NEXG) has released an update.
NexGold and Signal Gold have agreed to merge, creating a significant Canadian gold developer with over 4.7 million measured and indicated gold ounces and ambitious plans to produce more than 200,000 ounces annually. The merger is supported by $11.5 million in private placement financing and a proposed debt restructuring to strengthen the financial position and unlock shareholder value.
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