VANCOUVER, May 14, 2018 /CNW/ - GoldMining Inc. (the
"Company" or "GoldMining") (TSX-V: GOLD; OTCQX:
GLDLF) is pleased to announce that, further to its news release
dated April 26, 2018, the Company has
completed its indirect acquisition of the Narrow Lake property (the
"Property"). The Property includes the N1 and N2
claims, which cover a total area of 618 hectares and are contiguous
with the southern boundary of the Company's Nicholas Lake-Ormsby property, one of the four
properties that comprise the Yellowknife Gold Project
("YGP"), which the Company acquired in July 2017. With
the acquisition of the Property, the YGP now has an expanded total
area of 12,120 hectares.
Pursuant to the Agreement, GoldMining paid $50,000 in cash and issued 33,333 common shares
of the Company to the vendor (the "Vendor") in consideration
for the Property. An additional $100,000, payable in cash or common shares of the
Company, at the Company's discretion, will be due on the first
anniversary of the closing date.
GoldMining granted the Vendor a 1% net smelter royalty with
respect to the N1 and N2 claims upon commercial
production.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused
on the acquisition and development of gold assets in the
Americas. Through its disciplined acquisition strategy,
GoldMining now controls a diversified portfolio of resource-stage
gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. Additionally,
GoldMining owns a 75% interest in the Rea Uranium Project, located
in the Western Athabasca Basin of
Alberta, Canada.
Neither the TSX Venture Exchange nor their Regulation
Services Providers (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
View original
content:http://www.prnewswire.com/news-releases/goldmining-completes-acquisition-of-additional-gold-claims-contiguous-with-its-yellowknife-gold-project-300647391.html
SOURCE GoldMining Inc.