Galane Gold Ltd. is pleased to announce that the Company has closed its previously announced non-brokered private placement of 54,000,000 units at a price of C$0.05 per Unit for aggregate gross proceeds of C$2,700,000. Each Unit was comprised of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder thereof to acquire one Common Share at an exercise price of C$0.05
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