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Galleon Gold ( (TSE:GGO) ) just unveiled an announcement.
Galleon Gold has announced that it will satisfy its interest payment obligations on convertible debentures by issuing common shares, subject to TSX Venture Exchange approval. This decision, involving a related party transaction, reflects the company’s strategic financial management and its ongoing efforts to optimize capital structure while advancing its West Cache Gold Project.
More about Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The project is strategically located near significant mining operations and aims to derisk and expand its asset through grassroots exploration and test mining.
Average Trading Volume: 159,177
Technical Sentiment Signal: Buy
Current Market Cap: C$50.34M
For an in-depth examination of GGO stock, go to TipRanks’ Overview page.