Galleon Gold Announces Completion of Amalgamation with Explor Resources
Galleon Gold Announces Completion of Amalgamation
with Explor Resources
Toronto, Ontario--(Newsfile Corp. - December 23, 2019) - Galleon Gold Corp. (TSXV: GGO) (the "Company" or "Galleon Gold")
is pleased to announce that it has completed its previously announced three-cornered amalgamation (the "Amalgamation") with
Explor Resources Inc. ("Explor Resources"). In connection with the Amalgamation Galleon Gold has issued 95,198,612 common
shares of Galleon Gold in exchange for all of the issued and outstanding shares of Explor Resources.
President and CEO, Mr. R. David Russell commented, "We are very pleased to be finishing 2019 on this high note. With the
merger complete Galleon Gold now has several additional high-profile gold projects in Ontario and Quebec including the West
Cache Gold Project (formerly Timmins Porcupine West). The West Cache Gold project will bring approximately one million
ounces of gold resource into our gold portfolio (see press release dated August 22, 2019). We believe there is tremendous
"Geological Blue Sky" to add additional gold ounces to the project as exploration advances next year. We look forward to 2020
and the continued development of Galleon Gold's assets."
About Galleon Gold
Galleon Gold is a North American exploration and development company focused on advancing two projects in known mining
camps, both with excellent infrastructure. The Neal Gold Project in Idaho is owned in partnership Eric Sprott and the West Cache
Gold Project is located 13 km west of Timmins Ontario.
FOR FURTHER INFORMATION:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
www.galleongold.com
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations,
plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important
factors that could cause Galleon Gold 's actual results to differ materially from those expressed or implied by such forward-
looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration
activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such
statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-
looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51057