Galane Gold completes acquisition of Galaxy Gold
Thursday, November 26, 2015
Mupane Gold Mine
Galane Gold, which owns the Mupane Gold Mine, located approximately 50 kilometres from Francistown in northeastern Botswana, said it will make an offer to all other shareholders of Galaxy to acquire the remaining shares on economically equivalent terms.
Chief executive officer, Nick Brodie said they are pleased to have completed the acquisition noting it added what they believe is a significant asset to the company’s portfolio.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...