Troilus Gold (TSE:TLG) has released an update.
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Troilus Gold Corp. has announced that former shareholder Sayona Mining Ltd. has sold its entire stake in the company, consisting of 19.2 million shares at C$0.63 through a block trade, and an additional 1.2 million shares on the open market. The shares were acquired by a mix of new and existing institutional investors, reflecting confidence in Troilus’s strategic direction and growth potential. The company remains focused on advancing the previously productive Troilus Mine in Quebec, which is one of Canada’s largest undeveloped gold deposits.
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