Ely Gold Announces Closing of Agreement with Solitario
August 27, 2015
Ely Gold & Minerals Inc. ("Ely Gold" or the "Company") is pleased to announce that Solitario Exploration & Royalty Corp. (NYSE MKT: XPL; TSX: SLR)
("Solitario") has returned 15,732,274 Ely Gold common shares to the
Company pursuant to the terms of the Consent Agreement announced by the
Company on June 11, 2015. The Company has subsequently returned the
shares to treasury, thereby reducing its issued and outstanding share
capital to 64,580,474 common shares.
About Ely Gold
Ely Gold is focused on the acquisition and development of gold resources
in Nevada, including its Green Springs property in White Pine County,
Nevada. Ely Gold is traded on the TSXV. Additional information about Ely
Gold is available online at
FOR MORE INFORMATION AT ELY GOLD, CONTACT:
Director (604) 488-1104
President & CEO (972) 803-3087
On Behalf of the Board of Directors
Signed "Trey Wasser"
Trey Wasser, President & CEO
For further information, please contact Ely Gold & Minerals Inc. at 604-488-1104.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.