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Rapier Gold and GFG Resources Receive Court Approval
VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Rapier Gold Inc. (TSXV:RPR) (“Rapier”) and GFG Resources Inc. (TSXV:GFG) (OTCQB: GFGSF) (“GFG”) a
About this update from Gfg Resources, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Rapier Gold Inc. (TSXV:RPR) (“Rapier”) and GFG Resources Inc. (TSXV:GFG) (OTCQB: GFGSF) (“GFG”) are pleased to announce that the companies have received a final order from the Supreme Court of British Columbia approving the acquisition by GFG of all of the issued and outstanding securities of Rapier by way of a plan of arrangement (the “Arrangement”). Subject to receipt of final acceptance of the Arrangement by the TSX Venture Exchange, Rapier and GFG intend to complete the Arrangement effective Wednesday, February 28, 2018. About Rapier Gold Inc. Rapier Gold Inc. is a Canada-based gold mining and exploration company, listed on the TSX Venture Exchange on March 8, 2013. Rapier’s activities are solely focused on exploring the Pen Gold Project which comprises 16,448 hectares (approximately 160 sq. km), 75 km southwest of Timmins, Ontario, in close proximity to the western extension of the Porcupine-Destor Deformation (Fault) Zone, one of the most productive gold structures in the world. For more information, please visit our website: www.rapiergold.com. About GFG Resources Inc. GFG Resources Inc. is a North American precious metals exploration company headquartered in Saskatoon, Saskatchewan, Canada, whose shares trade on the TSX Venture Exchange (GFG) and on the OTCQB (GFGSF). GFG controls 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold. GFG also owns 100% of two large and highly prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The Ontario properties are comprised of the 24,463 hectare West Porcupine gold property and the 12,000 hectare Dore gold property. CONTACT: Rapier Gold Inc. Diana Mark Phone: 604‐569‐0049 Email: [email protected] Website: www.rapiergold.com GFG Resources Inc. Marc Lepage, Vice President, Business Development Phone: (306) 931-0930 Email: [email protected] Website: www.gfgresources.com Neither the TSX Venture Exchange nor its Regulation Servi...