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GoldMining Completes Sale of Nutmeg Mountain to NevGold and Receives $3 Million in NevGold Shares
GoldMining Completes Sale of Nutmeg Mountain to NevGold and Receives $3 Million in NevGold Shares...
About this update from Goldmining Inc.
[{"type":"text","content":"\n \n \n \n GoldMining Completes Sale of Nutmeg Mountain to NevGold and Receives $3 Million in NevGold Shares\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 19, 2024\n \n \n /CNW/ - GoldMining Inc. (the \"Company\" or \"GoldMining\") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce that, pursuant to its previously announced option agreement with NevGold Corp. dated\n \n June 14, 2022\n \n (the \"Option Agreement\"), it has received payment in the amount of\n \n $3 million\n \n , which pursuant to the terms of the Option Agreement, was satisfied by NevGold by issuing to the Company 10,000,000 common shares (the \"NevGold Shares\"). As a result, the Company has completed the sale of the Nutmeg Mountain Project (the \"Project\" or \"Nutmeg Mountain\", previously known as Almaden) to a subsidiary of NevGold.\n \n \n The sale of the Project crystallizes immediate value for GoldMining, while allowing it to retain potential upside to the Project's future potential and remain focused on advancing and unlocking value from the other assets in the GoldMining portfolio. GoldMining now has\n \n \n $132 million\n \n of aggregate equity holdings\n \n in NevGold (TSX-V: NAU), U.S. GoldMining Inc. (NASDAQ: USGO) and Gold Royalty Corp. (NYSE American: GROY)\n \n 1\n \n .\n \n \n All references herein to dollar amounts are in Canadian dollars unless otherwise indicated.\n \n \n \n Transaction Highlights:\n \n \n \n \n The Company has received 10 million NevGold Shares in satisfaction of the final\n \n $3.0 million\n \n payment under the Option Agreement. The NevGold Shares were issued at a deemed price of\n \n $0.30\n \n per share.\n \n \n The transaction realized an attractive rate of ...