Galane GOLD Ltd. Provides an Update to Its Proposed Acquisition of Vantage Goldfields Limited
For immediate release
GALANE GOLD LTD. PROVIDES AN UPDATE TO ITS PROPOSED ACQUISITION OF
VANTAGE GOLDFIELDS LIMITED
TORONTO, ONTARIO – June 29, 2017: Galane Gold Ltd. ( “Galane” or the “Company”)
(TSX-V: GG) is pleased to provide an update on its proposed acquisition of Vantage
Goldfields Limited ( “Vantage”), a gold mining company with operations in the
Mpumalanga Province of South Africa (the “Acquisition”).
As previously announced, Galane and Vantage entered into a letter of intent , as
amended, with respect to the Acquisition. The parties have agreed to further extend the
date on which a binding acquisition agreement is to be executed to July 10, 2017.
About Galane
Galane is an un -hedged gold producer and explorer with mining operations and
exploration tenements in Botswana and South Africa. Galane is a public company and its
shares are quoted on the TSX Venture Exchange and the Botswana Stock Exchange
under the symbol “GG”. Galane ’s management team is comprised of senior mining
professionals with extensive experience in managing mining and processing operations
and large -scale exploration programmes. Galane is committed to operating at world -
class standards and is focused on the safety of its employees, respecting the
environment, and contributing to the communities in which it operates.
Cautionary Notes
Certain statements contained in this press release constitute “forward-looking
statements”. All statements other than sta tements of historical fact contained in this
press release, including, without limitation, those regarding the Company’s future
financial position and results of operations, strategy, proposed acquisitions, plans,
objectives, goals and targets, and any sta tements preceded by, followed by or that
include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”,
“would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or
similar expressions or the negative thereof, are forward -looking statements. These
statements are not historical facts but instead represent only the Company’s
expectations, estimates and projections regarding future events. These statements are
not guarantees of future performance and involve assumptions, risks and uncertainties
that are difficult to predict. Therefore, actual results may differ materially from what is
expressed, implied or forecasted in such forward -looking statements. These forward -
looking statements are made as of the date of this press release and the Company
assumes no obligation to update or revise them to reflect subsequent information,
events or circumstances or otherwise, except as required by law.
Neither the TSX Venture Excha nge nor its regulation services provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Contact:
Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905 089878
www.GalaneGold.com