Galane GOLD Ltd. Provides Update ON the Barak Loan Facility
For immediate release
GALANE GOLD LTD. PROVIDES UPDATE ON THE BARAK LOAN FACILITY
TORONTO, ONTARIO – August 2 , 2018 – Galane Gold Ltd. (“ Galane Gold ” or the
“Company”) (TSXV: GG) today announced that it has made material progress towards
the disbursal of the previously disclosed US$5,000,000 secured loan facility with Barak
Fund SPC Limited. As a result of such progress, the Company and Barak have entered
into an addendum to the l oan agreement to extend the expected closing date to on or
before September 30, 2018.
About Galane Gold
Galane Gold is an un -hedged gold producer and explorer with mining operations and
exploration tenements in Botswana and South Africa. Galane Gold is a public company and
its shares are quoted on the TSX Venture Exchange under the symbol “GG”. Galane Gold’s
management team is comprised of senior mining professionals with extensive experience
in managing mining and processing operations and large-scale exploration programmes.
Galane Gold 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 statements of historical fact contained in this press
release, including, without limitation, those regarding the Company’s future financi al
position and results of operations, strategy, proposed acquisitions, plans, objectives, goals
and targets, and any statements preceded by, followed by or that include the words
“believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “wo uld”,
“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 expectatio ns, 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 ex pressed, implied or
forecasted in such forward-looking statements.
Neither the TSX Venture Exchange 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.
For further information please contact:
Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905089878
www.GalaneGold.com