Tonogold Resources, Inc. (OTCPK:TNGL) entered a term sheet to acquire JAG Minerals Pty Ltd for $6.5 million on April 11, 2024. The purchase price will be made up of $4,500,000 in in TONOGOLD shares at a deemed issue price equal to the volume weighted average price (VWAP) for the 15 trading days prior to signing of a Stock Purchase Agreement. A further $2,000,000 will be paid to JAG shareholders at the date of settlement.
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- Tonogold Resources, Inc. entered a term sheet to acquire JAG Minerals Pty Ltd for $6.5 million.