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TRU Precious Metals Receives Shareholder and TSXV Approval for Golden Rose Option Agreement with Eldorado Gold
TORONTO, ON / ACCESSWIRE / August 1, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FS...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Receives Shareholder and TSXV Approval for Golden Rose Option Agreement with Eldorado GoldTORONTO, ON / ACCESSWIRE / August 1, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) (\"TRU\" or the \"Company\") is pleased to announce that, further to its news release dated July 30, 2024, it has obtained both shareholder approval and TSX Venture Exchange approval of the definitive earn-in agreement (the \"Option Agreement\") transaction with Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO) (\"Eldorado\"). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the \"Option\") to earn an 80% ownership interest in TRU's Golden Rose Project (\"Golden Rose\"), strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland.Closing of the Option Agreement remains subject to TRU's receipt of a drilling permit for Golden Rose from the Mineral Lands Division of the Newfoundland government (\"Mineral Lands\"). The permit application is under review by Mineral Lands and is expected to be issued within the month of August.Additional terms of the Option Agreement can be found in the Company's news release dated July 30, 2024. A copy of the Option Agreement will be filed under TRU's SEDAR+ profile at www.sedarplus.ca. The description of the Option Agreement contained herein is qualified by the complete text of the Option Agreement.About Eldorado Gold Corp.Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX:ELD) and the New York Stock Exchange (NYSE:EGO).About TRU Precious Metals Corp.TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 264.25 km2 land package, including 45 km of strike length along the...