REG - Galantas Gold Corp - Exercise of Warrants and PDMR Notification

Galantas GoldAnnouncement

15/02/2022 07:00

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RNS Number : 6544B  Galantas Gold Corporation  15 February 2022

GALANTAS GOLD CORPORATION

Exercise of Warrants and PDMR Share Dealing

February 15, 2022. Pursuant to announcement that went out yesterday, Galantas
Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the
"Company") announces the early exercise of 83,333 warrants at an exercise
price of CAD$0.40 ("Warrants"), by Mario Stifano, CEO of Galantas, and
1,625,000 Warrants by Ocean Partners Ocean Partners USA Inc. ("Ocean
Partners").

Following Admission, Ocean Partners will be interested in a total of 3,333,334
Common Shares representing 4.05% of the Company's issued share capital.

Mr Stifano will be interested in a total of 300,499 Common Shares representing
0.37% of the Company's issued share capital.

Ocean Partners is a person closely associated with Brent Omland, a Director of
Galantas (within the meaning of the EU Market Abuse Regulation). Mr. Omland is
CFO of Ocean Partners and is a nominee of Ocean Partners on the board of
Galantas and holds a minority stake in, and is a director of, Ocean Partners'
parent entity. Following Admission Mr. Omland's direct shareholding in the
Company will be 33,334 Common Shares representing 0.04% of the Company's
issued share capital and his indirect interest in the Company will be
3,333,334 Common Shares representing 4.05%.

1,708,333 Common Shares are expected to be admitted to trading on AIM on
February 18, 2022 ("Admission").

Following Admission, the number of Common Shares in issue in the Company will
increase to 82,302,134.

The notification set out below, made pursuant to Article 19(3) of the Market
Abuse Regulation which is part of UK law by virtue of the European Union
(withdrawal) Act 2018, provides further details.

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

 

Panmure Gordon & Co (AIM Broker & Corporate Adviser)

Nick Lovering, Hugh Rich, John Prior

Telephone: +44(0)20 7886 2500

 

 

 

(UK) DEALING NOTIFICATION FORM

 FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                       Ocean Partners UK Ltd
  2.           Reason for the notification
 a)            Position/status:                                            Ocean Partners UK Ltd is a person closely associated with Brent Omland, a
                                                                           Director of Galantas
 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: CA36315W3012
 b)            Nature of the transaction                                   Exercise of warrants
 c)            Price(s) and volume                                         Price   Volume
                                                                           C$0.40  1,625,000
 d)            Aggregated information                                      N/A single transaction
 e)            Date of the transaction                                     February 14, 2022
 f)            Place of the transaction                                    Outside of a trading venue

d)

Aggregated information

N/A single transaction

e)

Date of the transaction

February 14, 2022

f)

Place of the transaction

Outside of a trading venue

 

(UK) DEALING NOTIFICATION FORM

 FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS

 

 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: CA36315W3012
 b)            Nature of the transaction                                   Exercise of warrants
 c)            Price(s) and volume                                         Price   Volume
                                                                           C$0.40  83,333
 d)            Aggregated information                                      N/A single transaction
 e)            Date of the transaction                                     February 14, 2022
 f)            Place of the transaction                                    Outside of a trading venue

d)

Aggregated information

N/A single transaction

e)

Date of the transaction

February 14, 2022

f)

Place of the transaction

Outside of a trading venue

 

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