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Galiano Gold Announces Buyout Of Offtake Agreement

Galiano Gold ( NYSE / TSX: GAU)

Announced that it has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund Limited for total cash consideration of US$13 million.

The Company had been required to sell 100% of gold production from the Asanko Gold Mine, up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite. Continue reading

Galiano Gold Consolidates Ownership of the Asanko Gold Mine

Galiano Gold (TSX: GAU)

Announced that it has entered into a binding share purchase agreement with subsidiaries of Gold Fields to acquire Gold Fields’ 45% interest in the Asanko Gold Mine.

Upon completion of the Acquisition, Galiano will establish itself as a growing gold producer with robust financial strength, owning and operating one of the largest gold mines in West Africa.

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