Galane Gold completes acquisition of Galaxy Gold

Thursday, November 26, 2015

The country’s sole gold miner, Galane Gold has announced that it has completed the acquisition of Galaxy Gold, a gold mining company in the Mpumalanga Province of South Africa

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.

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