Troilus Gold Corp. announces it has entered into an agreement for the strategic divestiture of its non-core Mike Lake properties in Yukon, Canada, to
Prospector Metals Corp. . This transaction will streamline Troilus' portfolio of properties, allowing it to focus entirely on the development of its flagship Troilus Gold Project in Quebec, while maintaining a stake in the potential success of Mike Lake under Prospector Metal's experienced leadership. Pursuant to an agreement dated December 29, 2023, Prospector Metals has agreed to acquire the Mike Lake Project from Troilus for share consideration equal to 19.9% of Prospector Metals, in addition to a milestone payment, as detailed below. At closing, it is expected that Prospector Metals will issue to Troilus 8,638,4...