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Examples
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"It is great to see that the gold at Golden Promise is readily extractable with such a low amount of cyanide," says Stewart Wallis, President and CEO of Crosshair.
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"Unfortunately, due to market conditions, transferring Golden Promise into a new company became impossible, but this agreement allows us to own 60\% of the project outright, have operatorship and obtain the ability to increase our ownership to 70\%."
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As a result of the current market conditions, the Board of Directors of Crosshair has determined that it is no longer in the best interest of Shareholders to spin-out the assets of Golden Promise, South Golden Promise and Victoria Lake into a separate publicly traded company to be known as Gemini.
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