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GoldMining Enters Agreement to Acquire Yellowknife Gold Project and Big Sky Property
May. 10, 2017 08:39AM PST
Precious MetalsGoldMining Inc. (“GoldMining” or the “Company”) (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that it has entered into an agreement (the “Agreement”) to acquire 100% of the Yellowknife Gold Project (“YGP” or the “Project”) and nearby Big Sky Property (“Big Sky”), both located in the Northwest Territories, Canada and indirectly owned by Tyhee N.W.T. …
GoldMining Inc. (“GoldMining” or the “Company”) (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that it has entered into an agreement (the “Agreement”) to acquire 100% of the Yellowknife Gold Project (“YGP” or the “Project”) and nearby Big Sky Property (“Big Sky”), both located in the Northwest Territories, Canada and indirectly owned by Tyhee N.W.T. Corp. (“Tyhee”), a subsidiary of Tyhee Gold Corp.
As quoted in the press release:
GoldMining entered into the Agreement with a receiver appointed in respect of the assets and undertaking of Tyhee under the Bankruptcy and Insolvency Act. RMB Australia Holdings Limited (“RMB”), Tyhee’s largest secured creditor, initiated the receivership and has committed to the transaction. Completion of the transaction is subject to, among other things, customary conditions, including receipt of requisite court and TSX Venture Exchange approvals.
