0001213900-23-032077.txt : 20230424 0001213900-23-032077.hdr.sgml : 20230424 20230424170002 ACCESSION NUMBER: 0001213900-23-032077 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230424 DATE AS OF CHANGE: 20230424 GROUP MEMBERS: JIN HUANG MINING CO LTD GROUP MEMBERS: ZIJIN GLOBAL FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Galiano Gold Inc. CENTRAL INDEX KEY: 0001377757 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83675 FILM NUMBER: 23840767 BUSINESS ADDRESS: STREET 1: 680 - 1066 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 3X2 BUSINESS PHONE: 604 683 8193 MAIL ADDRESS: STREET 1: 680 - 1066 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 3X2 FORMER COMPANY: FORMER CONFORMED NAME: Asanko Gold Inc. DATE OF NAME CHANGE: 20130311 FORMER COMPANY: FORMER CONFORMED NAME: Keegan Resources Inc. DATE OF NAME CHANGE: 20061006 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Gold Mountains Asset Management Ltd CENTRAL INDEX KEY: 0001729528 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: UNIT 7503A, LEVEL 75 STREET 2: INTERNATIONAL COMMERCE CENTRE CITY: KOWLOON STATE: K3 ZIP: 999077 BUSINESS PHONE: (852) 2803 2280 MAIL ADDRESS: STREET 1: UNIT 7503A, LEVEL 75 STREET 2: INTERNATIONAL COMMERCE CENTRE CITY: KOWLOON STATE: K3 ZIP: 999077 SC 13D/A 1 ea177374-13da3goldmo_galiano.htm AMENDMENT NO. 3 TO SC 13D

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

GALIANO GOLD INC.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

04341Y105

(CUSIP Number)

Joyce Chan, Gold Mountains Asset Management Limited, Unit 7502A, Level 75, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong

+ (852) 2803 2280

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

April 20, 2023

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.

See Rule 13d-7 for other parties to whom copies are to be sent.

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

CUSIP No.

04341Y105

1	NAME OF REPORTING PERSON Zijin Global Fund
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☒ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

SHARED VOTING POWER

22,329,097⁽¹⁾⁽²⁾

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

7,029,097⁽¹⁾⁽²⁾

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,329,097⁽¹⁾⁽²⁾
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.9%⁽³⁾
14	TYPE OF REPORTING PERSON OO

Zijin Global Fund, Gold Mountains Asset Management Limited, and Jin Huang Mining Company Limited entered into a Voting Agreement, dated as of January 29, 2018, pursuant to which the parties to the Voting Agreement agreed to vote all of their respective holdings in the Common Stock of Galiano Gold Inc. (the “Issuer”) as a group.

Consists of 7,029,097 shares held by Zijin Global Fund and 15,300,000 shares held by Jin Huang Mining Company Limited. Gold Mountains Asset Management Limited, as the manager of Zijin Global Fund, is also deemed to have beneficial ownership of the shares held by Zijin Global Fund.

The percentage reported in this Amendment No. 3 to Schedule 13D (this “Amendment No. 3) is based upon 224,943,453 shares of Common Stock outstanding as reported by the Issuer on its Annual Report on Form 40-F filed with the Securities and Exchange Commission (“SEC”) on March 29, 2023 (the “40-F”).

CUSIP No.

04341Y105

1
NAME OF REPORTING PERSON

Gold Mountains Asset Management Limited

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☒ (b) ☐

3
SEC USE ONLY

4
SOURCE OF FUNDS (SEE INSTRUCTIONS)

OO

5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

☐

6
CITIZENSHIP OR PLACE OF ORGANIZATION

Hong Kong

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7
SOLE VOTING POWER

0

8
SHARED VOTING POWER

22,329,097⁽¹⁾⁽²⁾

9
SOLE DISPOSITIVE POWER

0

10
SHARED DISPOSITIVE POWER

7,029,097⁽¹⁾⁽²⁾

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,329,097⁽¹⁾⁽²⁾
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.9%⁽³⁾
14	TYPE OF REPORTING PERSON IV

The percentage reported in this Amendment No. 3 is based upon 224,943,453 shares of Common Stock outstanding as reported by the Issuer on its 40-F filed with the SEC on March 29, 2023.

CUSIP No.

04341Y105

1
NAME OF REPORTING PERSON

Jin Huang Mining Company Limited

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☒ (b) ☐

3
SEC USE ONLY

4
SOURCE OF FUNDS (SEE INSTRUCTIONS)

WC

5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

☐

6
CITIZENSHIP OR PLACE OF ORGANIZATION

British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7
SOLE VOTING POWER

0

8
SHARED VOTING POWER

22,329,097⁽¹⁾⁽²⁾

9
SOLE DISPOSITIVE POWER

15,300,000

10
SHARED DISPOSITIVE POWER

0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,329,097⁽¹⁾⁽²⁾
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.9%⁽³⁾
14	TYPE OF REPORTING PERSON CO

The percentage reported in this Amendment No. 3 is based upon 224,943,453 shares of Common Stock outstanding as reported by the Issuer on its 40-F filed with the SEC on March 29, 2023.

Explanatory Note

This Amendment No. 3 amends and supplements the statement on Schedule 13D initially filed on January 29, 2018 (the “Original Schedule 13D”), as amended by:

●

Amendment No. 1 filed on February 12, 2018, and

●

Amendment No. 2 filed on March 5, 2018 (“Amendment No. 2”, and the Original Schedule 13D and the first two amendments, collectively, “Prior 13D”).

This Amendment No. 3 is filed by Zijin Global Fund, a Cayman Islands company limited by shares (“Zijin”), Gold Mountains Asset Management Limited, a company limited by shares and formed in Hong Kong (“Gold Mountains”) and Jin Huang Mining Company Limited, a British Virgin Islands company limited by shares (“Jin Huang”, and collectively with Zijin and Gold Mountains, the “Reporting Persons”, and each individually a “Reporting Person”), relating to the common stock, without par value, of Galiano Gold Inc. (f/k/a Asanko Gold Inc.), a corporation incorporated under the laws of British Columbia. This Amendment No. 3 is being filed to report that certain Reporting Persons sold 5,500,000 shares of Common Stock in open market transactions.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Original Schedule 13D. Except as expressly amended and supplemented by this Amendment No. 3, the Prior 13D is not amended or supplemented in any respect, and the disclosures set forth in the Prior 13D, other than as amended herein are incorporated by reference herein.

Item 4. Purpose of the Transaction.

Item 4 is hereby amended and modified to include the following (which shall be in addition to the information previously included in the Prior 13D):

This Amendment No. 3 is being filed to report that certain Reporting Persons sold 5,500,000 shares of Common Stock in open market transactions.

Item 5. Interest in Securities of the Issuer.

Item 5(a)-(c) of Schedule 13D is hereby amended and restated to read as follows:

(a) Rows (11) and (13) of the cover pages to Amendment No. 3 are hereby incorporated by reference.

(b) Rows (7) through (10) of the cover pages to Amendment No. 3 set forth the number of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole power to dispose or to direct the disposition or shared power to dispose or direct the disposition.

Date	Transaction	Entity	Quantity	Price Per Share
04-20-23	Sale	Gold Mountains	(1,000,000)	CAD 0.8225
04-20-23	Sale	Zijin	(4,500,000)	CAD 0.8225

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: April 24, 2023

	ZIJIN GLOBAL FUND

	By:	/s/ Liu Sha
	Name:	Liu Sha
	Title:	Director

	GOLD MOUNTAINS ASSET MANAGEMENT LIMITED

	By:	/s/ Liu Sha
	Name:	Liu Sha
	Title:	Director

	JIN HUANG MINING COMPANY LIMITED

	By:	/s/ Zhang Yan
	Name:	Zhang Yan
	Title:	Director

1	NAME OF REPORTING PERSON Gold Mountains Asset Management Limited
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☒ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong

1	NAME OF REPORTING PERSON Jin Huang Mining Company Limited
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☒ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands