06:00 Mon 06 Jul 2015
Galantas Gold Corp - GALANTAS ANNOUNCES PRIVATE PLACEMENT
TSXV and AIM: Stock Symbol - 'GAL'
GALANTAS ANNOUNCES PRIVATE PLACEMENT
Date : 6th
The Placement will comprise the issue of 20 million units, each unit will comprise of one common share and one share purchase warrant (the "Units"). Each warrant shall be exercisable into one common share of the Company for a period of 12 months from closing at an exercise price of
The majority of the Placement will be taken up by Mr.
The Placement shares will rank parri passu with the existing issued shares.
Closing of the Placement is subject to the receipt of all required documentation, regulatory and shareholder approvals, including approval of the
The Company intends to use the net proceeds of the Placement for exploration, for initiating development of the underground Omagh gold-mine and for working capital purposes. The Omagh gold-mine, situated in
Neither
Enquiries :
Email: info@galantas.com Telephone: (
Grant Thornton
Telephone: +44(0)20 7383 5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Telephone: +44(0)20 7659 1234
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