Greencastle’s partner at Jewel Ridge has arranged a financing for work this summer. In addition to retaining a royalty, Greencastle (TSXV: “VGN”) will receive 5 million shares of Golden Lake (CSE: “GLM”), if GLM completes the option to acquire Jewel Ridge
Things are looking very positive at Greencastle’s largest holding, Deveron (CSE: “DVR”). DVR has also completed a recent financing and reported sales growth in q1 of 181% William Linton, former CFO of Rogers, has joined the DVR board. DVR is a potential big winner for Greencastle. Greencastle owns 10,000,000 DVR shares.
In addition, Greencastle has approximately CAD $2 million as of March 31, 2020 or $0.055 per share and the Indian Creek gold property in Nevada, Cortez Hills and looking at new projects.
Link to GLM News https://www.goldenlakex.com/latest