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Galiano Gold Inc T.GAU

Alternate Symbol(s):  GAU

Galiano Gold Inc. is a Canada-based company, which owns the Asanko Gold Mine, which is located in Ghana, West Africa. 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 5.8 metric tons per annum carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with over 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Abore is located along the haulage road between Obotan and Esaase, over 15 kilometers north of the mill. Miradani North is designed to be mined in two phases to help advance the high-grade ore and manage relocation costs associated with the Tontokrom village to the south. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd, Galiano International (Isle of Man) Limited and others.


TSX:GAU - Post by User

Bullboard Posts
Post by ilovetoshortem1on Jan 07, 2015 11:55pm
179 Views
Post# 23296913

ASANKO WILL BE SUBJECT OF TAKEOVER IN 2015

ASANKO WILL BE SUBJECT OF TAKEOVER IN 2015Shawn Wallace's Auryn Resources Inc. (AUG) rose nine cents to $1.19 on 57,000 shares. The company has $9-million in working capital, 18 million shares outstanding and is looking to buy a mineral exploration property somewhere in North America, South America or Eurasia. Mr. Wallace closed a $7.31-million financing last month. He was aiming for only $3.25-million, but had to double Auryn's offering after increased demand following the sale of his and Ivan Bebek's Mexican gold explorer, Cayden Resources Inc., to Agnico Eagle Mines. Agnico paid $205-million, or $3.79 for each Cayden share, entitling Mr. Wallace and Mr. Bebek to about $12-million in cash and Agnico stock. As disclosed on SEDI, they each owned just over three million Cayden shares. Since the sale, Mr. Bebek has been taking it easy, joking that he is unemployed, while Mr. Wallace has been busy raising money for Auryn. Mr. Wallace also serves as a director of Asanko Gold Inc. (AKG: $1.82) (formerly their Keegan Resources Inc.), which is building a $295-million gold mine in Ghana. Mr. Wallace owns 3.31 million shares of Auryn and Mr. Bebek owns 2.4 million.
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