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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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Galane Gold acquires Summit Mine in New Mexico


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Galane Gold Ltd. has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, the Summit Mine and the infrastructure constituting the Banner Mill in New Mexico from Pyramid Peak Mining, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP.
Closing of the acquisition is expected to occur on or around 16 May 2021, and is subject to certain conditions including, but not limited to, completion of a confirmatory title report on the assets and approval of governmental and regulatory authorities, including the TSX Venture Exchange (TSXV).
Nick Brodie, CEO of Galane Gold, comments:
“The Galane Gold management team is excited with the opportunity of restoring another mining operation to economic production. We have successfully done this twice already at our Mupane and Galaxy properties. ....

Pyramid Peak , New Mexico , United States , Summit Mine , Nick Brodie , Waterton Precious Metals Fund Ii Cayman , Venture Exchange , Galane Gold Ltd , Pyramid Peak Mining , Galane Gold , Banner Mill , Waterton Precious Metals Fund , பிரமிட் உச்சம் , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , நிக் பிராடி , வாட்டர்டன் ப்ரெஶியஸ் உலோகங்கள் நிதி ீ கேமன் , துணிகர பரிமாற்றம் , வாட்டர்டன் ப்ரெஶியஸ் உலோகங்கள் நிதி ,

Galane Gold to acquire past-producing Summit mine in New Mexico, US


Galane Gold to acquire past-producing Summit mine in New Mexico, US
9 April 2021 (Last Updated April 9th, 2021 09:35)
Galane Gold has signed an agreement with Pyramid Peak Mining to acquire the Summit gold-silver mine in New Mexico, US.
The Summit mine is located in the Steeple Rock Mining District, within Grant County in New Mexico. Credit: Ingo Doerrie on Unsplash.
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Galane Gold has signed an agreement with Pyramid Peak Mining to acquire the Summit gold-silver mine in New Mexico, US.
Under the agreement, Waterton Precious Metals Fund II Cayman wholly owned subsidiary Pyramid Peak Mining will sell the Summit mine and the infrastructure constituting the Banner Mill in New Mexico to Galane Gold. ....

Pyramid Peak , New Mexico , United States , Summit Mine , Grant County , Canaccord Genuity , Nick Brodie , Waterton Precious Metals Fund Ii Cayman , Research Capital , Galane Gold , Pyramid Peak Mining , Waterton Precious Metals Fund , Banner Mill , Steeple Rock Mining District , பிரமிட் உச்சம் , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , மானியம் கவுண்டி , கானக்கோர்ட் உண்மையானது , நிக் பிராடி , வாட்டர்டன் ப்ரெஶியஸ் உலோகங்கள் நிதி ீ கேமன் , ஆராய்ச்சி மூலதனம் , வாட்டர்டன் ப்ரெஶியஸ் உலோகங்கள் நிதி ,