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The latest update is out from Galleon Gold ( (TSE:GGO) ).
Galleon Gold Corp. has announced the issuance of 202,635 common shares to satisfy an interest payment of $132,224.38 on its convertible debentures. This move, which has received final acceptance from the TSX Venture Exchange, is part of the company’s financial strategy to manage its obligations while advancing its West Cache Gold Project. The issuance of shares instead of cash preserves liquidity and supports the company’s ongoing exploration and development activities.
More about Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The company is preparing for its first test mining at West Cache, aiming to gather data for feasibility studies and systematically reduce project risks while expanding the asset through grassroots exploration.
Average Trading Volume: 170,887
Technical Sentiment Signal: Buy
Current Market Cap: C$45.32M
Find detailed analytics on GGO stock on TipRanks’ Stock Analysis page.