An announcement from Galleon Gold ( (TSE:GGO) ) is now available.
Galleon Gold Corp. has sold its non-core Milford Royalty in Utah for $700,000 to ETM UT Inc., allowing the company to concentrate resources on its primary West Cache Gold project in Ontario. Additionally, Galleon Gold will satisfy interest payments on convertible debentures by issuing common shares, a move that involves related party transactions but complies with regulatory exemptions.
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 other significant mining operations, highlighting the company’s focus on gold exploration and development.
YTD Price Performance: 30.56%
Average Trading Volume: 75,609
Technical Sentiment Signal: Sell
Current Market Cap: C$16.03M
See more data about GGO stock on TipRanks’ Stock Analysis page.