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 [...]
Galane Gold Ltd. is pleased to announce that as a result of it repaying in full the secured facility provided by Samsung C&T U.K. Limited that the associated security on its Mupane property has been discharged. Galane Gold CEO, Nick Brodie commented: "The funding provided by Samsung for the development of the Tau underground has transformed Mupane with improvements in production, extension of its mine life and reduced [...]
Galane Gold Ltd. is pleased to announce the release of its financial results for the three and nine months ended September 30, 2017. All amounts are in United States dollars unless otherwise indicated. A copy of the unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2017 prepared in accordance with International Financial Reporting Standards and the [...]
Galane Gold Ltd. is pleased to announce that it produced a total of 9,535 ounces of gold for the third quarter ending September 30, 2017. Furthermore, new data has resulted in the Company revising its current Tau underground mine plan to add a further 44,300 ounces of gold, as described below. The Company's Mupane property faced various challenges in the first two quarters of 2017 caused by higher than average rainfall [...]
TORONTO, ONTARIO--(Marketwired - Aug. 29, 2017) - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE:GG) is pleased to announce the release of its financial results for the three and six months ended June 30, 2017. All amounts are in United States dollars unless otherwise indicated. A copy of the unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2017 [...]
Galane Gold announced on May 23, 2017 that it has entered into a letter of intent for the acquisition of all of the outstanding shares of Vantage Goldfields, a gold mining company with operations in the Mpumalanga Province of South Africa. Galane and Vantage have been unable to conclude on the execution of a binding acquisition agreement and therefore the LOI has been terminated. Vantage has been unable to meet the [...]
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