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Galane Gold Announces Closing of the Acquisition of the Summit Mine in New Mexico and Release of Funds From Subscription Receipt Financing


Galane Gold Announces Closing of the Acquisition of the Summit Mine in New Mexico and Release of Funds From Subscription Receipt Financing
05/19/2021 | 11:53am EDT
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TORONTO, May 19, 2021 (GLOBE NEWSWIRE) Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce the closing of its previously announced transaction whereby Galane Gold, through a wholly-owned subsidiary, will acquire (the “Acquisition”) the Summit Mine and the infrastructure constituting the Banner Mill in New Mexico (collectively, the “Assets”) from Pyramid Peak Mining, LLC (the “Seller”), a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP.   ....

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