Trojan Gold, Inc. (TSE:TGII) has released an update.
Trojan Gold Inc. has secured a 50% stake in the Paulpic-Wascanna gold property in Northwestern Ontario through an option agreement, which includes significant gold deposits and several under-explored occurrences. The deal involves issuing 5 million common shares to the original option holders at $0.05 each. The transaction, potentially a ‘related party transaction’, falls below the threshold requiring a formal valuation or minority shareholder approval.
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