logo-loader
Galantas Gold Corp

Galantas completes part II of placing; knows of no reason for recent share price rise

In London, the shares are up 18.3% over the last month.

Canadian dollars
Subscription agreements to the value of C$2.45mln have been received

Galantas Gold Corporation (LON:GAL, CVE:GAL) has closed the second part of its recently announced share placement.

Subscription agreements to the value of C$2.45mln, roughly equivalent to £1.48mln, have been received at the placing price of C$0.0725 a share, or 4.5p a pop for UK shareholders.

Funds from the issue will augment working capital and will be used to start development of an underground mine on its Omagh property in Ireland.

The company also took the opportunity to declare it knows of no specific reason for the recent increase in the share price.

In London, the shares are up 18.3% over the last month.

Quick facts: Galantas Gold Corp

Price: £0.04

Market: AIM
Market Cap: £13.09 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Galantas Gold Corp named herein, including the promotion by the Company of Galantas Gold Corp in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Galantas Gold seeing 'racy' grades at Omagh as development work advances

Galantas Gold Corporation's (LON:GAL) roland Phelps tells Proactive London's Andrew Scott they've hit more strong gold indications from work at the Omagh mine in Northern Ireland. An access drive on the fourth (1060) level intersected the Kearney vein ahead of schedule.

on 22/7/19

2 min read