The TSX Venture Exchange has accepted for filing the asset purchase agreement dated Nov. 1, 2019, among Newrange Gold Corp., Corporacion Minera De Colombia S.A.S., a wholly owned subsidiary of Newrange Gold Corp., and Goldmining Inc. and Goldmining Exploraciones S.A.S., a wholly owned subsidiary of Goldmining, whereby Newrange Gold proposes to sell a 100-per-cent interest in the Yarumalito gold project located in central Colombia.

Total consideration payable by Goldmining to Newrange under the transaction will be:

• $1.2-million, payable in common shares of Goldmining;
• $200,000, payable in cash, of which, $25,000 has been advanced as a deposit.

Details of the transaction are available on the company's SEDAR profile in news releases dated Nov. 4, 2019, and Dec. 3, 2019.