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 minimum of US$2,000,000 of equity, and the execution and delivery of a three [...]
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 increased liquidity and visibility it should allow for a much larger [...]
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 Reporting Standards and the corresponding Management’s Discussion and [...]
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 on or before September 30, 2018. About Galane Gold Galane Gold is an [...]
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 of 98,424 tonnes at 3.46 grams per tonne. Galane Gold CEO, Nick Brodie [...]
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 the terms of the new debenture, the conversion price of the principal amount [...]
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 the three months ended March 31, 2018 prepared in accordance with [...]
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” which represents a potential extension of Tau at depth. The C Reef [...]
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 Financial Reporting Standards and the corresponding Management’s [...]
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 licences over an aggregate of approximately 520 km2 located around the [...]
TORONTO, March 05, 2018 -- Galane Gold Ltd. is pleased to announce that it has entered into a loan agreement with Barak Fund SPC Limited with respect to a US$5,000,000 secured loan facility . The Company has agreed to use the proceeds of the Facility for the refurbishment and expansion of processing facilities and restarting underground mining operations at the Galaxy Gold Mine in Barberton, South Africa owned by Galane [...]
Galane Gold Ltd. , at the request of IIROC, would like to clarify certain information contained in its previously disseminated November 28, 2017 press release . The comment with regards to the Company's Galaxy property is based on a technical report entitled "A Technical Report on the Galaxy Gold Mine, Mpumalanga Province, South Africa" which was issued January 4, 2016 with an effective date of September 1, 2015 , and was [...]
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