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Inca One Gold Completes Strategic Sale to OCIM Metals

Story Highlights
  • Inca One Gold Corp. sold its subsidiary shares to OCIM for over CAD $22.1 million.
  • The sale ensures continued operation of gold plants in Peru and aids company stabilization.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Inca One Gold Completes Strategic Sale to OCIM Metals

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Inca One Gold ( ($TSE:INCA.H) ) has shared an announcement.

Inca One Gold Corp. has completed a court-supervised Sales and Investment Solicitation Process, resulting in the sale of its subsidiary shares to OCIM Metals and Mining SA for over CAD $22.1 million. This transaction ensures the continued operation of its gold processing plants in Peru, preserves local employment, and maximizes value recovery for creditors and stakeholders, marking a significant step towards the company’s stabilization and restructuring.

More about Inca One Gold

Inca One Gold Corp. operates in the gold industry, primarily focusing on gold processing. The company is involved in the operation of gold processing plants in Peru, which are crucial for local employment and economic activities.

Technical Sentiment Signal: Sell

Current Market Cap: C$4.31M

For an in-depth examination of INCA.H stock, go to TipRanks’ Overview page.

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