GoldMining Completes Buy Down of Cachoeira Royalty
GoldMining Completes Buy Down of Cachoeira Royalty
VANCOUVER
,
March 5, 2018
/CNW/ -
GoldMining Inc. (the "
Company
" or "
GoldMining
") (TSX-V: GOLD; OTCQX: GLDLF)
is
pleased to announce that, further to its news release dated
February 22, 2018
, the Company has completed its acquisition of 66.66% of the
existing 4.0% net production royalty on the Company's Cachoeira Project. Under the transaction, GoldMining paid
US$133,320
in cash and
issued 698,161 common shares of the Company to the vendors. As a result of the transaction, the existing royalty on the Cachoeira Project has
been reduced to 1.33%.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold projects in the Americas. GoldMining
is advancing its Titiribi and La Mina Gold-Copper Projects located in the Department of Antioquia,
Colombia
, its São Jorge and Cachoeira Gold
Projects located in the State of Pará, northeastern
Brazil
, its Whistler Gold-Copper Project located in the
State of Alaska
,
United States of
America
, and its Rea Uranium Project in the western
Athabasca
Basin in northeast
Alberta, Canada
.
Neither the TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Providers (as that term is defined in the
policies of the TSX Venture Exchange and the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
SOURCE
GoldMining Inc.
View original content: http://www.newswire.ca/en/releases/archive/March2018/05/c3356.html
%SEDAR: 00025119E
For further information:
GoldMining Inc., Amir Adnani, Chairman, Garnet Dawson, CEO, Telephone: (855) 630-1001, Email:
CO: GoldMining Inc.
CNW 08:00e 05-MAR-18