Focus Xplore signs deal to acquire Canadian gold assets for £296,000

Focus Xplore PLC has announced a deal to acquire Canadian gold assets for £296,000, comprising the purchase of Nova Aurum Exploration Limited and 1597320 B.C. Ltd. The company will issue new shares to raise funds and settle creditor payments, with Martlet Geoscience Ltd and Praetor Exploration Inc. receiving a portion of the new shares. Focus Xplore will also enter into a geological services agreement with Martlet, and subscribers in the fundraise will receive additional share warrants.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.