Galane Gold Ltd. Announces Listing on Botswana Stock Exchange
August 20, 2012
TORONTO, Aug. 20, 2012 /CNW/ - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE:GG) is pleased to announce that it has listed its shares on the Botswana Stock Exchange ("BSE") under the trading symbol "GG". This listing will serve as a secondary listing for the Company's common shares and the primary exchange for the common shares will remain the TSX Venture Exchange (the "TSXV").
The listing on the BSE does not involve the issuance of new common shares of the Company or any other securities or derivatives, such as depositary receipts, as it was structured solely to allow the common shares of the Company that are currently issued and outstanding to be tradeable by investors through the facilities of the BSE. The listing will not result in any changes to the rights and entitlements of holders of the Company's common shares, irrespective of whether they purchase their shares through the TSXV or the BSE.
"Listing our shares on the BSE further aligns our Company with Botswana, home to our operations, employees and future aspirations. We are very pleased to facilitate investor participation from Botswana and Southern Africa and believe that increased ownership inBotswana will benefit the Company and all of its shareholders. We expect that over time, the BSE listing will contribute to a lower cost-of-capital and increased liquidity in our shares" stated Galane Gold CEO Philip Condon.
ABOUT GALANE GOLD LTD.
Galane Gold Ltd. is an un-hedged gold producer and explorer with mining operations and exploration tenements in the Republic of Botswana. Galane Gold is a public company and its shares are quoted on the TSXV and the BSE under the symbol GG. Galane Gold'smanagement team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes.Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may" and "will". There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.