Galiano Gold Inc (TSE:GAU) has released an update.
Galiano Gold Inc. has announced the accomplishment of a pivotal acquisition, securing the remaining 45% interest in the Asanko Gold Mine from Gold Fields Group Ltd., thereby becoming one of the leading gold producers in West Africa. The strategic transaction involved Galiano issuing 28.5 million shares to Gold Fields, making it a 19.9% shareholder, alongside a cash payment and future considerations up to $85 million. This transformative deal positions Galiano for future growth and value generation for stakeholders in the gold mining sector.
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