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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.