REG - Galantas Gold Corp - Closure of Block Admission of Shares

Galantas GoldAnnouncement

15/05/2023 18:00

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RNS Number : 4812Z  Galantas Gold Corporation  15 May 2023

 

Block Admission of Shares

 

May 15, 2023, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") provides an update in
relation to the Company's block admission arrangements (the "Block
Admission").

 

The warrants available for the issue and allotment of any New Common Shares in
conjunction with the May 14, 2021 financing expired on May 14, 2023.
Accordingly, the Block Admission associated with the warrants has been
cancelled.

 

A final Block Admission update pursuant to Schedule Six of the AIM Rules for
Companies is set out below:

 

 

 Name of Company                                                                 Galantas Gold Corporation

 Name of Scheme                                                                  May 14, 2021 Warrants

 Period of Return (from/to)                                                      14 December 2022 to 14 May 2023

 Number and class of securities not issued at the start of the period under the  14,410,231 New Common Shares*
 scheme

 Number of securities issued under the scheme during the period                  78,000 New Common Shares

 Balance under the scheme of securities not yet issued at the end of the period  Nil New Common Shares (expired on May 14, 2023)

 Number and class of shares originally admitted and the date of admission        17,225,265 New Common Shares admitted on June 14, 2022

 Name of contact and telephone number                                            Alan Buckley, CFO

                                                                                 +353 87 221 7448

*The previous Block Admission update released on 14 December 2022 incorrectly
stated the number of securities not issued as 14,440,231 The correct figure as
at 14 December 2022 was 14,410,231 as restated here.

 

The Company has no other Block Admissions.

 

About Galantas Gold Corporation

 

Galantas Gold Corporation is a Canadian public company that trades on the TSX
Venture Exchange and the London Stock Exchange AIM market, both under the
symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The
Company's strategy is to create shareholder value by operating and expanding
gold production and resources at the Omagh Project in Northern Ireland, and
exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit
in Scotland.

 

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, George Grainger, Samuel
Littler

Telephone: +44(0)20 7383 5100

 

SP Angel Corporate Finance LLP (AIM Broker)

David Hignell, Charlie Bouverat (Corporate Finance)

Grant Barker (Sales & Broking)

Telephone: +44(0)20 3470 0470

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