Bullboard - Stock Discussion Forum Galleon Gold Corp. V.GGO

Alternate Symbol(s): PNCKF

Metals & Mining Industrial Metals & Minerals

Galleon Gold is an exploration and development company focused on advancing the West Cache Gold Project, Timmins, Ontario. The Project is approximately 7 km northeast of Pan American Silver’s Timmins West Mine and 14 km southwest of Newmont’s Hollinger Mine. The Company announced a positive Preliminary Economic Assessment in early 2022; permitting and baselines studies have been initiated in... see more

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TSXV:GGO - Post Discussion

Galleon Gold Corp. > Acquires Eric Sprott's Remaining Interest in Gold Project

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Post by Betteryear2 on May 31, 2023 7:58am

Acquires Eric Sprott's Remaining Interest in Gold Project

Eric Sprott's Ownership of Galleon Gold Increases to 21.45%

Toronto, Ontario--(Newsfile Corp. - May 31, 2023) - Galleon Gold Corp. (TSXV: GGO) (the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") with 2176423 Ontario Ltd., (the "Vendor"), a corporation that is beneficially owned and controlled by Eric Sprott ("Eric Sprott"), to acquire the Vendor's 100% interest in a stockpile of mineralized material (the "Stockpile") located on the Neal Idaho Project, 27 km southeast of Boise, Idaho (the "Project") together with its 20% interest in the Project in consideration of the issuance by the Company to the Vendor of 2,000,000 common shares of Galleon Gold (the "Shares"). Upon closing of the transaction, the Company will hold a 100% leasehold interest in the Project and Eric Sprott's ownership of Galleon Gold will increase to 21.45%.

Galleon Gold Acquires Eric Sprott's Remaining Interest in the Neal Idaho Gold Project (newsfilecorp.com)

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