GLW Galway Gold Inc

Gold Wheaton Gold Corp. ("Gold Wheaton") (TSX VENTURE:GLW) is pleased to
announce that it has signed a definitive agreement with respect to its
previously announced transaction with Redcorp Ventures Ltd. ("Redcorp").


Pursuant to the Redcorp transaction, Gold Wheaton agreed to purchase 100% of the
gold mined from Redcorp's Tulsequah Project, in British Columbia, for a payment
of US$90 million, comprised of US$10 million to be paid on the satisfaction of
certain funding conditions upon closing and an additional US$80 million to be
paid as the funds are required for the construction of the Tulsequah Project on
the satisfaction of certain additional funding conditions. In addition, Gold
Wheaton will pay the lesser of US$400 per ounce of payable gold delivered and
sold to Gold Wheaton, subject to adjustment, and the then prevailing market
price per ounce of payable gold delivered and sold to Gold Wheaton.


Completion of the Redcorp transaction is subject to receipt of all necessary
regulatory and other approvals, including the approval of the TSX Venture
Exchange.


Safe Harbor Statement under the United States Private Securities Litigation
Reform Act of 1995: Except for the statements of historical fact contained
herein, the information presented constitutes "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, including but not limited to those with respect to
the price of gold, platinum or palladium, the timing and amount of estimated
future production, costs of production, reserve determination and reserves
conversion rates involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of Gold
Wheaton or Redcorp to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among other risks, risks related to the
integration of acquisitions, risks related to international operations, risks
related to joint venture operations, the actual results of current exploration
activities, actual results of current reclamation activities, conclusions of
economic evaluations and changes in project parameters as plans continue to be
refined as well as future prices of gold, platinum or palladium, as well as
those factors discussed in the section entitled "Description of the Business
Risk Factors" in Gold Wheaton's Annual Information Form dated August 19, 2008 as
filed on SEDAR. Although Gold Wheaton has attempted to identify important
factors that could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements.

Galway Gold (TSXV:GLW)
Historical Stock Chart
From Dec 2024 to Jan 2025

Galway Gold (TSXV:GLW)
Historical Stock Chart
From Jan 2024 to Jan 2025