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ST. AUGUSTINE GOLD & COPP Stock Price, News & Analysis

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Welcome to our dedicated page for ST. AUGUSTINE GOLD & COPP news (Ticker: RTLGF), a resource for investors and traders seeking the latest updates and insights on ST. AUGUSTINE GOLD & COPP stock.

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Rhea-AI Summary
St. Augustine Gold and Copper Limited (TSX: SAU) has announced an agreement to acquire the remaining interest in the KingKing Copper Gold Project from National Development Corporation (Nadecor) in the Philippines. The acquisition will be financed through a $9,018,750 convertible note that can be converted into 185,000,000 company shares at $0.004875 per share. The note is interest-free and must be converted within 6 months. The deal involves acquiring all shares of Nadecor's subsidiary Kingking Mining Limited, which holds the project's exploration and development rights. The transaction, subject to Toronto Stock Exchange approval, is expected to close around May 26, 2025. Both parties believe consolidating ownership will streamline project development.
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