RNS Number : 4812Z
Galantas Gold Corporation
15 May 2023
 

 

Block Admission of Shares

 

May 15, 2023, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") provides an update in relation to the Company's block admission arrangements (the "Block Admission").

 

The warrants available for the issue and allotment of any New Common Shares in conjunction with the May 14, 2021 financing expired on May 14, 2023. Accordingly, the Block Admission associated with the warrants has been cancelled.

 

A final Block Admission update pursuant to Schedule Six of the AIM Rules for Companies is set out below:

 

 

Name of Company

 

Galantas Gold Corporation

Name of Scheme

 

May 14, 2021 Warrants

Period of Return (from/to)

 

14 December 2022 to 14 May 2023

Number and class of securities not issued at the start of the period under the scheme

 

14,410,231 New Common Shares*

Number of securities issued under the scheme during the period

 

78,000 New Common Shares

 

Balance under the scheme of securities not yet issued at the end of the period

 

Nil New Common Shares (expired on May 14, 2023)

Number and class of shares originally admitted and the date of admission

 

17,225,265 New Common Shares admitted on June 14, 2022

Name of contact and telephone number

Alan Buckley, CFO

 

+353 87 221 7448

 

\* The previous Block Admission update released on 14 December 2022 incorrectly stated the number of securities not issued as 14,440,231 The correct figure as at 14 December 2022 was 14,410,231 as restated here.

 

The Company has no other Block Admissions.

 

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, George Grainger, Samuel Littler                                              

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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