REG - Galantas Gold Corp - Update on Non-Brokered Private Placement

Galantas GoldAnnouncement

06/12/2023 07:00

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RNS Number : 7941V  Galantas Gold Corporation  06 December 2023

 

 

GALANTAS GOLD PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT

 

Not for distribution to United States news wire services or for dissemination
in the United States

 

DECEMBER 6, 2023, TORONTO, CANADA - Galantas Gold Corporation (TSX-V &
AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces that, further
to its news release dated November 9, 2023, the Company now expects its
proposed non-brokered private placement of up to US$3,000,000 aggregate
principal amount of unsecured convertible debentures of the Company to close
during the week of December 11, 2023 (the "Offering").

The Offering remains subject to the acceptance of the TSX Venture Exchange.
The securities issued pursuant to the Offering will be subject to a four-month
hold period under applicable Canadian securities laws. For more information
about the Offering, please refer to the Company's news release dated November
9, 2023 entitled "Galantas Gold Announces up to US$3.0 Million Private
Placement of Unsecured Convertible Debentures" available on SEDAR+
(www.sedarplus.ca (http://www.sedarplus.ca) ) under the Company's issuer
profile.

The securities offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, or any state securities law,
and may not be offered or sold in the United States absent registration or an
exemption from such registration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.

 

 

About Galantas Gold Corporation

 

Galantas Gold Corporation is a Canadian public company that trades on the TSXV
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

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

 

Forward-Looking Statements

 

This news release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws, including, but not limited to,  the
terms of the Offering, the timing and ability of the Company to receive
necessary regulatory approvals, including the acceptance of the TSX Venture
Exchange for the Offering, and the plans, operations and prospects of the
Company. Forward-looking statements are based on estimates and assumptions
made by Galantas in light of its experience and perception of historical
trends, current conditions and expected future developments, as well as other
factors that Galantas believes are appropriate in the circumstances. Many
factors could cause Galantas' actual results, the performance or achievements
to differ materially from those expressed or implied by the forward looking
statements or strategy, including: gold price volatility; discrepancies
between actual and estimated production, actual and estimated metallurgical
recoveries and throughputs; mining operational risk, geological uncertainties;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign involvement; speculative nature of gold
exploration; dilution; competition; loss of or availability of key employees;
additional funding requirements; uncertainties regarding planning and other
permitting issues; and defective title to mineral claims or property. These
factors and others that could affect Galantas' forward-looking statements are
discussed in greater detail in the section entitled "Risk Factors" in
Galantas' Management Discussion & Analysis of the financial statements of
Galantas and elsewhere in documents filed from time to time with the Canadian
provincial securities regulators and other regulatory authorities. These
factors should be considered carefully, and persons reviewing this news
release should not place undue reliance on forward-looking statements.
Galantas has no intention and undertakes no obligation to update or revise any
forward-looking statements in this news release, except as required by law.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

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