Punchline president and CEO Ramzan Savji said the company is executing a strategy to grow through the acquisition, exploration, and development of high caliber gold projects.
"The projects that we are currently in discussions to acquire could provide the Company with a strong foundation for growth and deliver our stakeholders important exposure to the gold market," Savji added.
The mineral resources firm said the projects that are being discussed will remain subject to Punchline and the current project owners entering into formal agreements and completion of satisfactory due diligence by all parties.
Punchline, which is currently evaluating several projects, said it will provide additional details when a formal agreement is reached.
