REG - Galantas Gold Corp - Galantas Gold Grants Stock Options
30/04/2024 07:00
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RNS Number : 5062M Galantas Gold Corporation 30 April 2024
GALANTAS GOLD GRANTS STOCK OPTIONS
April 30, 2024, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") reports that it has awarded
3,175,000 incentive stock options on the Company's common shares to directors,
employees and consultants, in accordance with the terms of the Company's
incentive Stock Option Plan. The exercise price for the options, which expire
on April 29, 2029, is C$0.23 per share and the grant of these options was
approved by the Board of Directors on April 23, 2024. The options will vest as
to one third immediately and one third on each of April 29, 2025 and April 29,
2026, and are valid for a 5-year period from the date of grant.
The number of options issued to directors, employees and consultants are
noted below:
Name of Optionee
Position
Number of Options
James Clancy
Director
125,000
Róisín Magee
Director &
Chair
200,000
Mario Stifano
Director &
Officer
1,000,000
Brent Omland
Director & Strategic
Advisor 125,000
David Cather
Director
125,000
Brendan Morris Officer
250,000
Alan Buckley
Officer
250,000
George Duguay Officer
75,000
Employees and Consultants
Various
1,025,000
Total Options Granted
3,175,000
The Company's Stock Option Plan allows for the issuance of up to 10% of issued
and outstanding share capital in the form of incentive stock options. The
total number of incentive stock options outstanding prior to this award was
5,777,500 which results in the total number of incentive stock options now
outstanding for the Company being 8,952,500, representing 7.8% of the
Company's issued and outstanding shares, which total 114,535,293.
The aforementioned stock option grants are subject to TSX Venture Exchange
approval.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014.
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, Enzo Aliaj, Elliot Peters
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
(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: 1. James Clancy
2. Róisín Magee
3. Mario Stifano
4. Brent Omland
5. David Cather
6. Brendan Morris
7. Alan Buckley
8. George Duguay
2. Reason for the notification
a) Position/status: 1. Director
2. Director & Chair
3. Director & Officer
4. Director & Strategic Advisor
5. Director
6. Officer
7. Officer
8. 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 Grant of Stock Options
c) Price(s) and volume Price for all grants C$0.23 per share.
Volumes
1. 125,000
2. 200,000
3. 1,000,000
4. 125,000
5. 125,000
6. 250,000
7. 250,000
8. 75,000
d) Aggregated information Stock Options: 3,175,000
Exercise price: C$0.23
e) Date of the transaction April 29, 2024
f) Place of the transaction Outside a trading venue
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