Minera Don Nicolas Enters Option Agreement with AngloGold Ashanti Argentinian Subsidiary, Cerro Vanguardia SA, for the Sale of its Michelle Exploration Properties for Total Consideration of US$14 Million
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Cerrado Gold Inc. has entered into an option agreement with Cerro Vanguardia SA, a subsidiary of AngloGold Ashanti, for the sale of its Michelle Exploration Properties for $14 million. This includes an initial $4 million payment, with the remaining $10 million payable within three years. This deal strengthens Cerrado's balance sheet and positions it for future growth.
December 23, 2024 | 10:15 pm
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Cerrado Gold Inc. has entered into a $14 million option agreement with Cerro Vanguardia SA, enhancing its financial position and supporting future growth initiatives.
The option agreement provides Cerrado Gold with an immediate $4 million and a potential additional $10 million, which will strengthen its balance sheet. This financial boost is likely to support its ongoing projects and future growth, positively impacting its stock price.
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