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An update from Auric Resources Corp ( (TSE:RES) ) is now available.
Auric Resources Corp has entered into a definitive agreement to acquire all shares of 1000334153 Ontario Inc., which holds mineral exploration properties in British Columbia, Ontario, and Quebec. This acquisition is expected to enhance Auric’s portfolio with promising exploration targets for copper, nickel, platinum group metals, gold, and lithium. The transaction, pending TSX Venture Exchange and shareholder approvals, involves issuing 16,700,000 common shares of Auric in exchange for the shares of 1000334153 Ontario Inc. The acquisition positions Auric to potentially capitalize on the mineral-rich properties, strengthening its market presence and offering potential growth opportunities for stakeholders.
More about Auric Resources Corp
Auric Resources Corp is a company involved in the mining industry, focusing on mineral exploration. The company is engaged in acquiring and developing exploration properties in Canada, with a particular emphasis on regions in British Columbia, Ontario, and Quebec. Their primary focus is on minerals such as copper, nickel, platinum group metals, gold, and lithium.
Average Trading Volume: 94,751
Technical Sentiment Signal: Sell
Current Market Cap: C$2.63M
See more insights into RES stock on TipRanks’ Stock Analysis page.