Galane Gold Ltd. Announces Rights Offering

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[{"type":"text","content":"\n\n\n\nGalane Gold Ltd. Announces Rights Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGalane Gold Ltd. Announces Rights Offering\nCanada NewsWire\nTORONTO, March 30, 2016\n\n\n\nTORONTO, March 30, 2016 /CNW/ - Galane Gold Ltd. (\"Galane\" or the \"Company\") (TSX-V: GG) is pleased to announce that it has filed a rights offering notice (the \"Notice\") and rights offer circular (the \"Circular\") on www.sedar.com for an offering (the \"Rights Offering\") to the eligible holders of its common shares (the \"Common Shares\") of record at close of business on April 8, 2016 (the \"Record Date\"). The rights issued under the Rights Offering (the \"Rights\") will expire on May 6, 2016 (the \"Expiry Date\"). The Rights Offering will be conducted in all of the provinces and territories of Canada.\n\nEach eligible registered shareholder of Common Shares on the Record Date will receive one (1) Right for each Common Share held by such shareholder. One (1) Right plus the sum of $0.01 will entitle the Rights holder to subscribe for one Common Share. The Rights issued under the Rights Offering will be evidenced by transferable rights certificates (each, a \"Rights Certificate\"), and will expire at 4:30 p.m. (Toronto time) on the Expiry Date, after which time unexercised Rights will be void and of no value. The Rights shall not be listed for trading. \n\nEligible shareholders are entitled to subscribe for additional Common Shares, subject to certain limitations set out in the Circular. It is anticipated that the Notice and accompanying Rights Certificate will be mailed to each of the eligible shareholders of the Company on or about April 15, 2016. Eligible registered shareholders wishing to exercise their Rights must forward the completed Rights Certificates, together with the applicable funds to Equity Financial Trust Company, the rights agent of the Company, on or before the Expiry Date. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermedia...

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