Galiano Gold Inc T.GAU

Alternate Symbol(s): GAU

Metals & Mining Gold

Galiano Gold Inc. is a Canada-based company, which operates and manages the Asanko Gold Mine, which is located in Ghana, West Africa, and jointly owned with Gold Fields Ltd. The Asanko Gold Mine is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a five metric tons per annum (Mtpa) carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with approximately 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Nkran deposit is located within the Kumasi Basin on the Asankrangwa gold belt. The Nkran deposit is located on a jog along the regional Nkran Shear, which is a zone of about 15 kilometers in width. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd and Galiano International (Isle of Man) Limited and others.

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Galiano Gold Inc > Transformational Aquisition closes

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Comment by nozzpackon Mar 04, 2024 3:53pm

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Post# 35914152

RE:Transformational Aquisition closes

Now that the deal with Gold Fields has formally closed, we shall see if GF proceeds to negotiate a favorable deal for Damang..

The wording suggests so..

Galiano and Gold Fields have entered into an amended investor rights agreement which includes a 12-month standstill period and other customary rights, including a pre-emptive right for Gold Fields to maintain its current ownership interest.

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