REG - Galantas Gold Corp - Conversion of Securities

Galantas GoldAnnouncement

15/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240515:nRSO4381Oa&default-theme=true

RNS Number : 4381O  Galantas Gold Corporation  15 May 2024

 

 

GALANTAS GOLD ANNOUNCES CONVERTIBLE DEBENTURE CONVERSION

 

May 15, 2024, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM:
GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces that US$60,000 of
convertible debentures, as detailed in releases dated November 9, 2023 and
December 20, 2023 (the "Debentures") and approved by the TSX Venture Exchange,
have been converted into common shares of the Company.

The Debentures are convertible at the option of the holder thereof into common
shares in the capital of the Company at a conversion price of US$0.255 per
Conversion Share. The Debentures bear interest at a minimum interest rate of
10% per annum.

As governed by the Debentures, 235,294 common shares of no par value ("Common
Shares") have been issued at a price of US$0.255.

 

The Company has applied for admission of the Common Shares in connection with
the Debenture to trading on the AIM market of the London Stock Exchange
("Admission") with Admission expected to occur on or around May 16, 2024.

 

Following Admission, the Company will have US$5,278,000 in Debentures
remaining in issue. The total number of Common Shares of the Company following
Admission will be 114,770,587.

 

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

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, Enzo Aliaj, Elliot Peters

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CONQKQBBOBKDPPD