Galleon Gold Announces Shares for Debt Settlement
TORONTO: February 13, 2020. Galleon Gold Corp. (TSXV: GGO) (the “Company” or “Galleon Gold”) announces that it has agreed to settle an aggregate amount of $70,000 for interest earned on a Convertible Debenture (the “Debt Settlement”). The Debt Settlement will be settled by the issuance of 1,000,000 common shares at a deemed price of $0.07 per share.
The securities issued pursuant to the Debt Settlement will be subject to a four-month hold period commencing on the date of issuance. Completion of the Debt Settlement is subject to acceptance by the TSX Venture Exchange.
About Galleon Gold
Galleon Gold is a North American exploration and development company focused on advancing two projects. The Neal Gold Project in Idaho is owned in partnership Eric Sprott and the West Cache Gold Project is located 13 km west of Timmins Ontario. Both projects are located in known mining camps with excellent infrastructure.
Galleon Gold will be exhibiting at PDAC 2020, the Company invites investors and shareholders to visit booth #3302 at the Investor Exchange in the south building of the Metro Toronto Convention Center from March 1 to March 4, 2020.
For further information:
R. David Russell
Chairman and CEO
T. (416) 644-0066