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GoldMining to Acquire Almaden Gold Project in Idaho in Deal Valued at USD 1.150m
Thursday 27 February 2020

27 February 2020 - Canadian mineral exploration company GoldMining Inc. has entered into an agreement with Sailfish Royalty Corp. and its subsidiary to indirectly acquire a 100% interest in the Almaden Gold Project, located in west-central Idaho, for USD 1.15m in common shares and cash, the company said.

Pursuant to the Agreement, the total consideration payable by GoldMining on closing of the transaction will be comprised of USD 575,000, payable in common shares of GoldMining and USD 575,000, payable in cash.

The acquisition will expand GoldMining's portfolio of gold projects.

GoldMining, Inc. is a public mineral exploration company focussed on the acquisition and development of gold assets in the Americas.
Details
Date Published: 27/02/2020
Target: Almaden Gold Project
Country: USA
Deal Size: 1.15m (USD)
Sector: Metals/Mining
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: Sailfish Royalty Corp.
Buyer: GoldMining Inc
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