Galleon Gold Corporate Update
Galleon Gold (TSXV: GGO) has completed its submission of the West Cache Project Closure Plan to the Ministry of Mines, including supporting documentation and Financial Assurance of $1,390,978. The Ministry has a 45-day review period to accept the plan for filing.
The company has granted 1,260,000 stock options to directors, officers, employees, and consultants. These options are exercisable at $0.28 per share, vest immediately, and will expire on February 21, 2030.
Additionally, Galleon Gold will be present at the PDAC convention, welcoming investors and shareholders at booth #2911 in the Investor Exchange, South Building at the Metro Toronto Convention Center from March 2-5, 2025.
Galleon Gold (TSXV: GGO) ha completato la sua presentazione del Piano di Chiusura del Progetto West Cache al Ministero delle Miniere, includendo la documentazione di supporto e una Garanzia Finanziaria di $1,390,978. Il Ministero ha un periodo di revisione di 45 giorni per accettare il piano per la registrazione.
L'azienda ha concesso 1.260.000 opzioni su azioni a direttori, funzionari, dipendenti e consulenti. Queste opzioni sono esercitabili a $0,28 per azione, si vestono immediatamente e scadranno il 21 febbraio 2030.
Inoltre, Galleon Gold sarà presente alla convention PDAC, accogliendo investitori e azionisti allo stand #2911 nell'Investor Exchange, Edificio Sud del Metro Toronto Convention Center dal 2 al 5 marzo 2025.
Galleon Gold (TSXV: GGO) ha completado su presentación del Plan de Cierre del Proyecto West Cache al Ministerio de Minas, incluyendo la documentación de apoyo y una Garantía Financiera de $1,390,978. El Ministerio tiene un periodo de revisión de 45 días para aceptar el plan para su archivo.
La empresa ha otorgado 1,260,000 opciones sobre acciones a directores, funcionarios, empleados y consultores. Estas opciones son ejercitables a $0.28 por acción, se consolidan de inmediato y caducarán el 21 de febrero de 2030.
Además, Galleon Gold estará presente en la convención PDAC, recibiendo a inversores y accionistas en el stand #2911 en el Investor Exchange, Edificio Sur del Metro Toronto Convention Center del 2 al 5 de marzo de 2025.
갈레온 골드 (TSXV: GGO)는 웨스트 캐시 프로젝트 종료 계획을 광업부에 제출하였으며, 지원 문서와 $1,390,978의 재정 보증을 포함하였습니다. 광업부는 계획을 접수하기 위해 45일의 검토 기간을 가집니다.
회사는 이사, 임원, 직원 및 컨설턴트에게 1,260,000 주식 옵션을 부여하였습니다. 이 옵션은 주당 $0.28에 행사 가능하며, 즉시 발생하고 2030년 2월 21일에 만료됩니다.
또한, 갈레온 골드는 PDAC 컨벤션에 참석하여 2025년 3월 2일부터 5일까지 메트로 토론토 컨벤션 센터의 Investor Exchange, 남쪽 건물의 부스 #2911에서 투자자와 주주를 맞이할 것입니다.
Galleon Gold (TSXV: GGO) a terminé la soumission de son Plan de Clôture du Projet West Cache au Ministère des Mines, y compris la documentation de soutien et une Garantie Financière de 1 390 978 $. Le Ministère dispose d'une période de révision de 45 jours pour accepter le plan pour le dépôt.
L'entreprise a accordé 1 260 000 options d'achat d'actions à des directeurs, des dirigeants, des employés et des consultants. Ces options sont exerçables à 0,28 $ par action, prennent effet immédiatement et expireront le 21 février 2030.
De plus, Galleon Gold sera présent à la convention PDAC, accueillant investisseurs et actionnaires au stand #2911 dans l'Investor Exchange, bâtiment sud du Metro Toronto Convention Center du 2 au 5 mars 2025.
Galleon Gold (TSXV: GGO) hat die Einreichung des Schließungsplans für das West Cache Projekt beim Ministerium für Bergbau abgeschlossen, einschließlich der unterstützenden Dokumentation und einer finanziellen Garantie von 1.390.978 $. Das Ministerium hat eine Überprüfungsfrist von 45 Tagen, um den Plan zur Einreichung zu akzeptieren.
Das Unternehmen hat 1.260.000 Aktienoptionen an Direktoren, Führungskräfte, Mitarbeiter und Berater vergeben. Diese Optionen sind zu einem Preis von 0,28 $ pro Aktie ausübbar, werden sofort fällig und laufen am 21. Februar 2030 ab.
Zusätzlich wird Galleon Gold auf der PDAC-Konvention vertreten sein und Investoren sowie Aktionäre am Stand #2911 im Investor Exchange, Südgebäude des Metro Toronto Convention Center vom 2. bis 5. März 2025 begrüßen.
- Submitted West Cache Project Closure Plan with $1.39M Financial Assurance
- Granted 1.26M stock options to align management interests with shareholders
- None.
Toronto, Ontario--(Newsfile Corp. - February 21, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to inform, that further to its news release dated February 10, 2024, it has now completed its submission of the West Cache Project Closure Plan, along with supporting documentation and the Financial Assurance of
Option Grant
The Company announces that pursuant to the Company' stock option plan (the "Plan") a total of 1,260,000 stock options have been granted to directors, officers, employees and consultants of the Company. The options are exercisable into one common share of the Company at a price of
Galleon Gold at the PDAC
Galleon Gold invites investors and shareholders to visit booth #2911 at the Investor Exchange in the South Building at the Metro Toronto Convention Center from March 2 to 5, 2025.
About Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The West Cache Gold Project is located 7 km northeast of Pan American Silver's Timmins West Mine and 14 km southwest of Newmont's Hollinger Mine. A 2022 Preliminary Economic Assessment (PEA) for the Project demonstrates strong economics. The Company's planning for an 86,500-tonne underground bulk sample is well underway; it has recently submitted its Closure Plan and Financial Assurance for the Project.
For further information:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
info@galleongold.com
www.galleongold.com
Forward-Looking Statements
This news release contains certain "forward looking statements", as defined under applicable Canadian securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to its long-term strategy, proposed work, plans, bulk sample program and other reports including the PEA for its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Galleon Gold operates. Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important factors that could cause Galleon Gold's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions and uncertainty of access to additional capital, risks inherent in mineral exploration, delays in the receipt of government approvals, risks associated with development, construction, mining operations and third party contractor activities, risks related to unanticipated events related to health, safety and environmental matters. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241914
FAQ
What is the financial assurance amount submitted by Galleon Gold (GGO) for the West Cache Project Closure Plan?
When will the Ministry of Mines review Galleon Gold's West Cache Project Closure Plan?
What are the terms of Galleon Gold's February 2024 stock option grant?
Where can investors meet Galleon Gold at PDAC 2025?
