Prosper Gold Sells Ontario Gold Assets for C$1 Million

en.Wedoany.com Reported - Prosper Gold (TSX-V:PGX) has agreed to sell its gold assets in Ontario, Canada, to Kenorland Exploration for C$1 million (US$1.01 million) in cash.

Prosper Gold has entered into a definitive purchase agreement to sell its 100% interests in the Golden Sidewalk and Skinner mineral claims to an independent buyer. These claims are located approximately 60 kilometers east of Red Lake, Ontario, Canada.

Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometers of contiguous mineral claims and mining leases in the West Birch-Uchi greenstone belt. During the period ending January 31, 2026, Prosper Gold did not conduct any significant exploration activities on the project.

The transaction requires approval by two-thirds of the votes cast at a special meeting of Prosper Gold shareholders. The company expects to mail a management information circular to shareholders, with the meeting anticipated to take place in August 2026. The board of directors of Prosper Gold has unanimously approved the transaction and unanimously recommends that shareholders vote in favor. The transaction is also subject to approval from the TSX-V, and Prosper Gold will not pay any finder's fees in connection with the transaction.

Prosper Gold is a Canadian exploration company focused on acquiring and advancing gold and copper projects in Canada, with an asset portfolio including the Cyprus project in British Columbia and the Golden Sidewalk project in Ontario.

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