Troilus Gold (TSE:TLG) has released an update.
Troilus Gold Corp. has finalized the sale of its non-core Mike Lake properties in Yukon to Prospector Metals, keeping a 19.9% ownership interest. This move allows Troilus to concentrate on its main Troilus Gold Project in Quebec. Troilus, which previously held no shares in Prospector, received 9,222,164 post-consolidation shares in the deal, marking a strategic shift to streamline its portfolio and potentially benefit from the future success of the Mike Lake Project under Prospector’s management.
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