REG - Galantas Gold Corp - Galantas Grants Stock Options

Galantas GoldAnnouncement

04/05/2022 07:00

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RNS Number : 1979K  Galantas Gold Corporation  04 May 2022

 

 

GALANTAS GRANTS STOCK OPTIONS

 

May 4, 2022, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") reports that it has awarded
1,742,500 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 May 3, 2027, is C$0.60 per share and the grant of these options was
approved by the Board of Directors on April 27, 2022. The options will vest as
to one third immediately and one third on each of May 3, 2023 and May 3, 2024,
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                                                               62,500

Roisin Magee
Director &
Chair                                                  92,500

Mario Stifano
Director &
Officer
      500,000

Brent Omland
Director & Strategic
Advisor                                62,500

David Cather
Director
62,500

Brendan Morris                           Officer
 
           125,000

Alan Buckley
Officer
   125,000

George Duguay                          Officer
 
           37,500

Employees and Consultants
 Various
        675,000

 

 

 
Total Options Granted
1,742,500

 

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
4,885,000 which results in the total number of incentive stock options now
outstanding for the Company being 6,627,500, representing 7.98% of the
Company's issued and outstanding shares, which total 83,016,801.

This disclosure has been authorized by Mario Stifano, Director and CEO of
Galantas Gold Corporation.

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
Northern Ireland's first gold mine.

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)

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:                                                       1. James Clancy

                                                                           2. Roisin 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$0.60 per share.

                                                                           Volumes

                                                                           1. 62,500

                                                                           2. 92,500

                                                                           3. 500,000

                                                                           4. 62,500

                                                                           5. 62,500

                                                                           6. 125,000

                                                                           7. 125,000

                                                                           8. 37,500

 d)            Aggregated information                                      Stock Options: 1,742,500

                                                                           Exercise price: C$0.60
 e)            Date of the transaction                                     May 3, 2022
 f)            Place of the transaction                                    Outside a trading venue

 

 

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