SASKATOON, Saskatchewan, Aug. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the signing of a definitive agreement (the “Agreement”) for the sale of its 100% owned Rattlesnake Hills Gold Project (the “Project”) to Patriot Gold Vault Ltd., (“Patriot”). Under the terms of the Agreement, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million (the “Transaction”). GFG and Patriot had previously announced the signing of a letter of intent (“LOI”) on May 9, 2024 (see press release: “GFG Signs Binding LOI with Patriot Gold to Sell its Rattlesnake Hills Gold Project”).
