Angus Gold Inc (OTCMKTS:ANGVF) Stock In Focus After Key Development

It was a good day in the markets for investors in Angus Gold Inc (OTCMKTS:ANGVF) this past Friday as the stock climbed by as much as 13% following a key announcement from the company.

Trading Data

On Friday, ANGVF stock ended flat at $0.7400 with 1K shares, compared to volume of 3.40K shares. The stock moved within a range of $0.7400 – 0.7400 after opening trade at $0.7400.

Angus Gold Completes 100% Earn-in of the Mishi property from IAMGOLD, Golden Sky project, Wawa

The company announced that it had concluded all the requisite earnings obligations and then took up the option to pick up a 100% stake in Mishi Property from IAMGOLD Corporation. The property in question is a part of the Golden Sky Project in Wawa. As per the provisions of the amended agreement between the two parties reached on January 24, 2023 Angus is going to issue as many as 700000 shares to IAMGOLD. It will happen only after all the regulatory approvals are granted and that is also going to include the approval from the TSX Venture Exchange.

However, it should be noted that the shares that are going to be a part of this transaction would have a hold period of four months and a day since the date of issue. The latest acquisition could well prove to be a major one for Angus Gold’s long term prospects and it appears that investors have given it the thumbs up initially.