Galileo Exploration Ltd. is pleased to announce that it has, through its wholly-owned subsidiary, entered into a mining lease assignment agreement relating to properties in the Overland Mining District and Lewiston Mining District within Fremont County. The Company has also staked an additional 2,391 acres around the Leases and on other target areas of interest resulting in a land package of approximately 10.25 square [...]
Galileo Exploration Ltd. is pleased to announce that it has completed a non-brokered private placement of common shares in the capital of the Company. Pursuant to the Offering, the Company issued 17,000,000 Common Shares at a price of $0.05 per Common Share, raising gross proceeds to the Company of $850,000. The proceeds of the Offering will be used to secure options on certain mining properties located in Wyoming [...]
Galileo Exploration Ltd. is pleased to announce that it has entered into shares for debt agreements to satisfy an aggregate of $535,350.21 of the Company's outstanding debts. The Company has reached agreements with certain of its creditors who have provided services to the Company to extinguish, or partially extinguish, certain of the Company's outstanding debts owing to them in exchange for the issuance of common shares [...]
Galileo Exploration Ltd. announces that Ronald A. Rieder has resigned as President, CEO and a Director of the Company. Galileo’s Board of Directors would like to thank Mr. Rieder for his efforts and wish him well in his future endeavors. Director John Kanderka will assume the role of Acting CEO of the Company. The other Directors are pleased that Mr. Kanderka has agreed to take a management role and will help the [...]
Galileo Exploration Ltd. announces that it has elected to terminate the Majuba Hill Lease and Option to Purchase agreement dated February 14, 2017. While exploration results were promising, drill-testing to confirm the presence of a massive copper porphyry at shallow depths provided limited results. As a result, the Company will now focus its attention on the Signal Gold Property and will also seek to acquire or option [...]
VANCOUVER, British Columbia, Feb. 22, 2018 -- Galileo Exploration is pleased to release the results of its 2017 exploration program at the Majuba Hill Copper project in Pershing County, Nevada USA. The Majuba Hill Copper project is 6.5km2 in size and is located approximately 20km northwest of Rye Patch Gold’s Florida Canyon mine. The original Majuba Hill Mine produced 2.8 million lbs. of oxide copper grading from [...]
VANCOUVER, British Columbia, Jan. 09, 2018 -- Galileo Exploration Ltd. announces that at its Annual General Meeting of Shareholders on December 20, 2017, Mr. Wes Adams of Colorado, USA was elected as a Director to the Company’s Board. Mr. Adams brings significant resource sector financing and mineral exploration experience, which will add value to the Company and to Galileo’s Majuba Project in the State of [...]
VANCOUVER, British Columbia, Dec. 18, 2017 -- Galileo Exploration Ltd. confirms that its recently announced private placement of September 28th, 2017, has been fully subscribed to and completed. The non-brokered private placement of up to six million units at a price of 8 cents per unit was fully subscribed to in two tranches. The Company received a total of $480,000 gross proceeds. The company paid zero dollars in [...]
VANCOUVER, British Columbia, Dec. 07, 2017 -- Galileo Exploration Ltd. is pleased to announce that their planned Phase One 2017 Exploration program on its Majuba Hill property has been completed. Ongoing geologic and geophysical study is revealing other potential targets on the Project. The Phase One Exploration program consisted of - A program of compilation Geologic orientation Geophysical study Core drilling A field [...]
VANCOUVER, British Columbia, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX-V:GXL) (the "Company") announces that subject to approval of the TSX Venture Exchange, the Company has extended the period to December 11, 2017 during which the final tranche of the private placement announced on September 28, October 2, 2017 and October 11, 2017 is required to close. ON BEHALF OF Galileo Exploration Ltd. "Ron [...]
VANCOUVER, British Columbia, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSXV:GXL) (the "Company") is seeking approval from the TSX Venture Exchange to extend the term of certain warrants which would otherwise expire on November 12, 2017. The Board of Directors has approved the extension of 758,000 warrants granted on November 12, 2015, with the original expiry date of November 12, 2017. Upon TSX Venture [...]
VANCOUVER, British Columbia, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX Venture Exchange:GXL) (the "Company") provides the following additional disclosure in relation to the private placement financing which closed as previously announced by news release dated October 11, 2017 (the “Private Placement”). A certain insider of the Company purchased or acquired direction and control over a [...]
+340,00 %
-78,57 %
