REG - Galantas Gold Corp - Exercise of Warrants

Galantas GoldAnnouncement

31/08/2022 14:45

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RNS Number : 8058X  Galantas Gold Corporation  31 August 2022

 

Exercise of Warrants

 

 

August 31, 2022, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces it received
notification on 29 August 2022 of the early exercise of 700,000 warrants at an
exercise price of CAD$0.33 and 83,334 warrants at an exercise price of
CAD$0.40 by Ocean Partners for gross proceeds of C$264,333.60.

 

700,000 Common Shares are expected to be admitted to trading on AIM on
September 6, 2022 ("Admission").  83,334 Common Shares are included in the
May 14, 2021 Warrants Block Admission Scheme announced on June 9, 2022.

 

Following Admission, Ocean Partners will be interested in a total of 4,116,668
Common Shares representing 4.0% of the Company's issued share capital and the
number of Common Shares in issue in the Company will be 102,862,143.

 

Further details of the PDMR dealings are included below. This information has
been provided in accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

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.

 

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
  2.           Reason for the notification
 a)            Position/status:                                            Ocean Partners 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  83,334
                                                                           C$0.33  700,000
 d)            Aggregated information                                      783,334 shares at a weighted average price of C$0.38
 e)            Date of the transaction                                     August 29, 2022
 f)            Place of the transaction                                    Outside of a trading venue

d)

Aggregated information

783,334 shares at a weighted average price of C$0.38

e)

Date of the transaction

August 29, 2022

f)

Place of the transaction

Outside of a trading venue

 

 

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