Prosper Gold (TSX-V:PGX) has agreed to sell its Ontario gold properties to Kenorland Exploration for C$1 million ($1.01 million) cash.
The company entered into a definitive purchase agreement to sell its 100% interest in the Golden Sidewalk and Skinner properties to the arm’s-length buyer. The properties are located approximately 60 kilometres east of Red Lake, Ontario, Canada.
The Golden Sidewalk is a district-scale gold exploration project covering over 160km2 of contiguous mineral claims and mining leases in the western Birch-Uchi greenstone belt.
Prosper Gold completed no significant exploration activities at the Golden Sidewalk project for the period ended 31 January 2026.
The transaction requires approval from two-thirds of the votes cast at a Prosper Gold shareholder meeting.
The company anticipates preparing and mailing a management information circular to shareholders in connection with the meeting, which is expected to be held in August 2026.
Prosper Gold’s board of directors has unanimously approved the purchase agreement and transaction. The board unanimously recommends that shareholders vote in favour of the transaction.
The deal is subject to shareholder and TSX-V approval. No finders’ fees will be paid by Prosper Gold in connection with the transaction.
Prosper Gold is a Canadian exploration company focused on acquiring and advancing gold and copper projects in Canada, with a portfolio that includes the Cyprus Project in British Columbia and the Golden Sidewalk Project in Ontario.
Write to JC Villarba at Mining.com.au
Images: Prosper Gold
