REG - Galantas Gold Corp - Historical Related Party Transaction

Galantas GoldAnnouncement

20/01/2026 18:30

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RNS Number : 6740P  Galantas Gold Corporation  20 January 2026

GALANTAS GOLD ANNOUNCES HISTORICAL RELATED PARTY TRANSACTION AND PDMR DEALINGS

 

Toronto, Ontario - January 20, 2026 - Galantas Gold Corporation (TSX-V: GAL |
AIM: GAL) ("Galantas" or the "Company") announces the following related party
transaction, PDMR Share Dealing and Historic PDMR Share Dealings.

Related Party Transaction

On January 2, 2026 the Company announced the closing of a private placement
(the "Brokered Offering") of 186,250,000 units of the Company (each, a "Unit")
at a price of $0.08 per Unit (the "Offering Price"), for aggregate gross
proceeds of $14,900,000. Each Unit is comprised of one common share of nil par
value ("Galantas Share") and one Galantas Share purchase warrant (each, a
"Warrant"). Each Warrant entitles the holder thereof to acquire one Galantas
Share at a price of $0.12 for a period of 36 months from the date hereof.

Mario Stifano, Chief Executive Officer of the Company, participated in the
Brokered Offering for 400,000 Units, purchasing these Units at the Offering
Price for a total consideration of $32,000 (the "Stifano Participation").
George Duguay, an officer of the Company, also participated in the Brokered
Offering for 500,000 Units at the Offering Price for a total consideration of
$40,000.

Mr Stifano is deemed a related party to the Company for the purposes of the
AIM Rules for Companies, and the Stifano Participation is considered a
related-party transaction for the purposes of Rule 13 of the AIM Rules for
Companies. Accordingly, the Stifano Participation should have been evaluated
and announced as a Related Party Transaction under AIM Rule 13 at the time.

In accordance with AIM Rule 13, the Directors of the Company, excluding Mr
Stifano, having consulted with the Company's nominated adviser, consider that,
at the time it was entered into, the terms of the Stifano Participation were
fair and reasonable, insofar as the Company's shareholders are concerned.

Historic PDMR Share Dealings

On June 25, 2021, the Company announced that Mr Stifano had on June 23, 2021,
purchased 500 Galantas Shares at an average price of C$0.73. The number of
Galantas Shares purchased was incorrectly disclosed and should have been 800
Galantas Shares. The Company received notification on January 20, 2026, that
on November 25, 2022, Mr Stifano sold 1,375 Galantas Shares at an average
price of $0.53.

Following the Stifano Participation and the aforementioned disclosures, Mr
Stifano holds 641,278 Galantas Shares, representing approximately 0.14% of the
Company's issued share capital.

 

About Galantas Gold Corporation

Galantas Gold Corporation is a publicly traded gold company focused on the
acquisition, development, and advancement of gold assets in stable mining
jurisdictions. The Company is currently advancing the Indiana Gold-Copper
Project in Chile, an advanced-stage project with a substantial historical
resource base. A Preliminary Economic Assessment is under way, and the Company
is planning a drill program expected to commence in the first quarter of 2026,
subject to permitting, financing, and regulatory approvals. Galantas' strategy
is to build long-term shareholder value through disciplined capital
allocation, technically rigorous project evaluation, and responsible
development of high-quality mineral assets.

 

Enquiries

Galantas Gold Corporation

Mario Stifano - Chief Executive Officer

Email: info@galantas.com

Website: www.galantas.com

Telephone: +44 (0)28 8224 1100

Grant Thornton UK LLP (AIM Nomad)

Philip Secrett, Harrison Clarke, Elliot Peters

Telephone: +44 (0)20 7383 5100

SP Angel Corporate Finance LLP (AIM Broker)

David Hignell, Charlie Bouverat (Corporate Finance)

Grant Barker (Sales & Brokering)

Telephone: +44 (0)20 3470 0470

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                       Mario Stifano
  2.   Reason for the notification
 a)    Position/status:                                            Chief Executive Officer
 b)    Initial notification/Amendment:                             Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                       Galantas Gold Corporation
 b)    LEI:                                                        LEI: 213800JKVPLLKO4KVB93
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument type of instrument  Common Shares and Share Purchase Warrants

       Identification Code

                                                                   ISIN: CA36315W3012
 b)    Nature of the transaction                                   Private Placement for a "Unit" at C$0.08 per Unit, where each Unit comprises
                                                                   one common share and one common share purchase warrant
 c)    Price(s) and volume                                         Price   Volume
                                                                   C$0.08  400,000
 d)    Aggregated information                                      N/A single transaction
 e)    Date of the transaction                                     December 31, 2025
 f)    Place of the transaction                                    Outside of a trading venue

d)

Aggregated information

N/A single transaction

e)

Date of the transaction

December 31, 2025

f)

Place of the transaction

Outside of a trading venue

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                       Mario Stifano
  2.   Reason for the notification
 a)    Position/status:                                            Chief Executive Officer
 b)    Initial notification/Amendment:                             Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                       Galantas Gold Corporation
 b)    LEI:                                                        LEI: 213800JKVPLLKO4KVB93
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument type of instrument  Common Shares of nil par value

       Identification Code

                                                                   ISIN: CA36315W2022
 b)    Nature of the transaction                                   Sale of shares
 c)    Price(s) and volume                                         Price    Volume
                                                                   C$ 0.53  1,375

 
 d)    Aggregated information                                      1,375 at a price of C$ 0.53
 e)    Date of the transaction                                     November 25, 2022
 f)    Place of the transaction                                    Toronto Stock Exchange

 

d)

Aggregated information

1,375 at a price of C$ 0.53

e)

Date of the transaction

November 25, 2022

f)

Place of the transaction

Toronto Stock Exchange

 

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                       George Duguay
  2.   Reason for the notification
 a)    Position/status:                                            Officer
 b)    Initial notification/Amendment:                             Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                       Galantas Gold Corporation
 b)    LEI:                                                        LEI: 213800JKVPLLKO4KVB93
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument type of instrument  Common Shares and Share Purchase Warrants

       Identification Code

                                                                   ISIN: CA36315W3012
 b)    Nature of the transaction                                   Private Placement for a "Unit" at C$0.08 per Unit, where each Unit comprises
                                                                   one common share and one common share purchase warrant
 c)    Price(s) and volume                                         Price   Volume
                                                                   C$0.08  500,000
 d)    Aggregated information                                      N/A single transaction
 e)    Date of the transaction                                     December 31, 2025
 f)    Place of the transaction                                    Outside of a trading venue

d)

Aggregated information

N/A single transaction

e)

Date of the transaction

December 31, 2025

f)

Place of the transaction

Outside of a trading venue

 

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