REG - Galantas Gold Corp - HISTORIC LOAN ADVANCES

Galantas GoldAnnouncement

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RNS Number : 3245H  Galantas Gold Corporation  02 May 2025

 

 

HISTORIC LOAN ADVANCES

 

MAY 2, 2025, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces an update further
to the announcement made on 30 April 2025 in relation to the loan advances
made to the Company on November 6, 2024 ("2024 Advance") and on April 11, 2025
("2025 Advance") by Melquart Ltd ("Melquart") which were on the same terms as
the February 2023 loan between Melquart and the Company and which are set out
below.

 

The 2024 Advance had a value of £76,965 and the 2025 Advance had a value of
£100,000, have terms of 24 months, a coupon of 12% and are secured on the
Gairloch lease asset. The loan advances were provided for general working
capital purposes and to maintain the lease at the Company's Gairloch asset.

 

In accordance with AIM Rule 13, the Directors of the Company, having consulted
with their Nominated Adviser, consider that, at the time they were entered
into, the terms of the 2024 Advance and the 2025 Advance were fair and
reasonable in so far as the Company's shareholders are concerned.

 

 

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 (mailto:info@galantas.com)

Website: www.galantas.com (http://www.galantas.com)

Telephone: +44(0)28 8224 1100

 

Grant Thornton UK LLP (AIM Nomad)

Philip Secrett, Harrison Clarke, 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

 

 

 

 

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