Positioned to focus on the acquisition and development of world-class mineral deposits in 'resource friendly' North American jurisdictions, our chosen arena for discovery and value creation.

Bullboard - Investor Discussion Forum Avidian Gold Corp V.AVG

Alternate Symbol(s): AVGDF

Avidian Gold Corp. is engaged in the business of acquiring and exploring gold projects. The Company holds approximately 100% interest in the Jungo gold-copper property in Nevada and is evaluating other transformational opportunities. The Company also has a 28% ownership of High Tide Resources Corp., which owns approximately 100% interest in the Labrador West Iron Project and Lac Pegma copper... see more

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TSXV:AVG - Post Discussion

Avidian Gold Corp > Avidian Gold To Sell Its Alaskan Subsidiary

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Post by Betteryear2 on May 02, 2024 9:30am

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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