Ulaanbaatar, Mongolia--(Newsfile Corp. - August 1, 2024) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (the 'Company' or 'Steppe Gold') is pleased to announce the successful completion of the
Ulaanbaatar, Mongolia-- - Steppe Gold Ltd. is pleased to announce the successful completion of the previously announced transaction between Steppe Gold and Boroo Gold LLC , whereby Steppe Gold has acquired all of the issued and outstanding common shares of Boroo Gold from an indirect, wholly owned subsidiary of Boroo Pte Ltd. .
The Consideration Shares were acquired for investment purposes. Boroo Singapore has no current plans or intentions, which relate to, or would result in, acquiring additional securities of Steppe Gold, disposing of securities of Steppe Gold, or any other actions described in Item 5 of Form 62-103F1 - Required Disclosure under the Early Warning Requirements.
Further information with respect to the Tres Cruces Project is contained in the technical report of Steppe Gold, dated August 21, 2023 and entitled"Form 43-101F1 Technical Report Preliminary Economic Assessment". A copy of said report can be obtained from SEDAR+ at www.sedarplus.ca.Steppe Gold is Mongolia's premier precious metals company and 100% owner of the ATO gold mine and the Uudam Khundii project in Mongolia.
As well, forward-looking statements may relate to Steppe Gold's future outlook and anticipated events, such as the Steppe Board and management team of Steppe Gold following the Transaction; the anticipated benefits of the Transaction; the potential for value creation to Steppe Gold's shareholders; anticipated gold production of Boroo Gold and combined gold production of Steppe Gold; capital expenditures of Steppe Gold; the hedging of Boroo Gold in respect of its gold production; the...
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