GoldMining Completes Buy Down of Cachoeira Royalty
VANCOUVER, March 5, 2018 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that, further to its news release dated February 22, 2018, the Company has completed its acquisition of 66.66% of the existing 4.0% net production royalty on the Company's Cachoeira Project. Under the transaction, GoldMining paid US$133,320 in cash and issued 698,161 common shares of the Company to the vendors. As a result of the transaction, the existing royalty on the Cachoeira Project has been reduced to 1.33%.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold projects in the Americas. GoldMining is advancing its Titiribi and La Mina Gold-Copper Projects located in the Department of Antioquia, Colombia, its São Jorge and Cachoeira Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the State of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada.
Neither the TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange and the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE GoldMining Inc.
Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.
Part of the Stock Digest family of websites