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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
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.