Galane Gold Ltd. is pleased to announce that the Company has closed its previously announced non-brokered private placement of 54,000,000 units at a price of C$0.05 per Unit for aggregate gross proceeds of C$2,700,000. Each Unit was comprised of one common share of the Company and one common share purchase warrant , with each Warrant entitling the [...]
Galane Gold Ltd. is pleased to announce that all of the conditions precedent set forth in the previously announced earn-in option agreement with B2Gold Corp. have now been satisfied which will enable the parties to move forward with their obligations under the agreement. Under the Earn-in Agreement, B2Gold has the option to indirectly acquire, in [...]
Galane Gold Ltd. is pleased to announce that the Company has satisfied the majority of the various conditions precedent required under its previously announced US$5,000,000 secured loan facility with Barak Fund SPC Limited. The remaining substantive conditions precedent to the effectiveness of the loan agreement are for the Company to raise a [...]
Galane Gold Ltd. is pleased to announce Galane Gold's common shares are now listed for trading on the OTCQB Market in the United States under the symbol GGGOF. The Company's shares will also continue to trade on the TSX Venture Exchange. The Company believes that greater visibility will be created with two listings/quotations platforms. With both [...]
Galane Gold Ltd. is pleased to announce the release of its financial results for the three and six months ended June 30, 2018. All amounts are in United States dollars. A copy of the unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2018 prepared in accordance with International Financial [...]
TORONTO, Aug. 02, 2018 -- Galane Gold Ltd. today announced that it has made material progress towards the disbursal of the previously disclosed US$5,000,000 secured loan facility with Barak Fund SPC Limited. As a result of such progress, the Company and Barak have entered into an addendum to the loan agreement to extend the expected closing date to [...]
TORONTO, July 05, 2018 -- Galane Gold Ltd. is pleased to announce that during the second quarter of 2018, the Company produced 10,090 ounces of gold which represents its best quarter output since Q4 2013. To achieve this, it milled 214,378 tonnes at an average head grade of 2.18 grams per tonne, with the main contributor being production from Tau [...]
TORONTO, July 04, 2018 -- Galane Gold Ltd. today announced that it has entered into an agreement with Traxys Europe SA to replace the existing 4% unsecured convertible debenture in the principal amount of US$3,249,433 . The Debenture was issued to Traxys on March 29, 2016 and is convertible into common shares in the capital of the Company . Under [...]
TORONTO, May 09, 2018 -- Galane Gold Ltd. is pleased to announce the release of its financial results for the three months ended March 31, 2018. Furthermore, the Company is pleased to announce that it produced a total of 4,004 ounces of gold for the month of April 2018. A copy of the unaudited condensed consolidated interim financial statements for [...]
TORONTO, May 01, 2018 -- Galane Gold Ltd. is pleased to announce additional positive exploration results as the Company continues to delineate the extension of Tau at depth. C Reef Extension On October 24, 2016, the Company issued a press release with regards to the structurally displaced mineralised zone referred to as the “C Reef&rdquo [...]
TORONTO, April 17, 2018 -- Galane Gold Ltd. is pleased to announce the release of its financial results for the year ended December 31, 2017. All amounts are in United States dollars unless otherwise indicated. A copy of the audited consolidated financial statements for the year ended December 31, 2017 prepared in accordance with International [...]
TORONTO, March 19, 2018 -- Galane Gold Ltd. is pleased to announce that it has entered into an earn-in option agreement with B2Gold Corp. . Under the Earn-in Agreement, B2Gold has the option to indirectly acquire, in tranches, up to 70% of the shares of a newly incorporated subsidiary of Galane Gold which has applied for two gold prospecting [...]