Avidian Gold Corp V.AVG

Alternate Symbol(s): AVGDF

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America and Canada. It also explores for iron ore, nickel, cobalt, and copper properties. The company holds 100% interests in the Jungo Property in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec. The company was founded in 2011 and is headquartered in Toronto, Canada.

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Avidian Gold Corp

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Post by Betteryear2on May 02, 2024 9:30am

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Post# 36019196

Avidian Gold To Sell Its Alaskan Subsidiary

TORONTO, May 02, 2024 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (“Avidian” or the “Company”) (TSX-V: AVG) is pleased to announce that it has entered into a binding Stock Purchase Agreement (the “Agreement”) with Contango ORE, Inc. (“Contango”) (NYSE-A: CTGO) pursuant to which Contango has agreed to purchase Avidian’s 100% owned Alaskan subsidiary, Avidian Gold Alaska Inc. (“Avidian Alaska”) for initial consideration of US$2.4 million (CDN$3.30 million), plus a potential future upside consideration of US$1.0 million, for a total consideration of up to US$3.4 million (CDN$4.68 million at current exchange rate of US$1 = CDN$1.376) (the “Transaction”).

Avidian Gold To Sell Its Alaskan Subsidiary To Contango (globenewswire.com)

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