July 8, 2021
Visionary Gold Corp. (TSXV:VIZ, BUY (S), Taylor Combaluzier) announced that it has closed its previously announced acquisition of ~6,000 acres of state leases and unpatented mining claims from Innovative Exploration Ventures, LLC for C$99,000 (read more). The payment was satisfied through the issuance of 550,000 common shares of Visionary stock at a deemed price of C$0.18/sh. Additionally, the company expects to commence maiden drilling at its Wolf Gold project imminently. As we outlined in our recent initiation report, bonanza gold grades at surface suggest that Visionary is well positioned to potentially make a gold discovery at its Wolf Gold project. We believe positive drill results from this year’s program could drive the company’s share price higher. Read more
