GoGold Announces closing of the US$12million Sale of Santa Gertrudis Royalty

gogold announces closing of the 12M US sale of santa gertrudis_son

HALIFAX, Nov. 7, 2018 /CNW/ – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “theCompany”) is pleased to announce the closing of the previously announced (September 5, 2018) sale of the Santa Gertrudis royalty for US$12 million to Metalla Royalty and Streaming Ltd (“Metalla”).

The Company has elected to take US$6 million of the US$12 million sale price in common shares of Metalla at a deemed price of CAD$0.78 (“Share Consideration”). This Share Consideration represents a total of 10.1 million common shares of Metalla representing 9.9% of Metalla shares outstanding and will be subject to a 4-month hold period.

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