Bocana Resources agrees to potential $20M investment in Venture Gold via new joint venture

[Handwriting text writing Joint Venture. Concept meaning Collaboration Arrangement Parties Partnership Team]
Zolak

Bocana Resources TSXV:BOCA:CA [https://seekingalpha.com/symbol/BOCA:CA]) announced that it has entered into an arm's length non-binding letter of intent [https://seekingalpha.com/pr/20262571-bocana-resources-corp-signs-letter-of-intent-to-acquire-an-equity-interest-in-venture-gold] dated October 6, 2025, that involves a direct treasury investment of up to $20M into Venture Gold, Inc. (VG), a Nevada-based corporation.

Venture Gold will retain full ownership of its properties and plans to use the investment proceeds exclusively for exploration, development, and related working capital needs.

The proposed transaction is expected to be executed through a newly formed joint venture entity, Arizore LLC, a limited liability company registered in Nevada.

Bocana plans to invest in Venture Gold by buying a significant number of newly issued shares, contingent on several conditions. These include signing a definitive agreement outlining the transaction details, securing financing, completing due diligence, and obtaining necessary regulatory approvals.

The specific investment amount will be clarified once the agreement is finalized. Additionally, a finder's fee will be negotiated as part of the transaction.

The structure and financing plan involving this joint venture entity are currently under review by the TSXV.

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