GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

RNS Number : 8809D

Galantas Gold Corporation

28 June 2019

 

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

June 28, 2019:  Galantas Gold Corporation (the 'Company') , reports that it has awarded 2,500,000 incentive stock options on the Company's common shares to directors and key employees, in accordance with the terms of the Company's incentive Stock Option Plan (2004). The exercise price for the options, which expire on June 27, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on June 27, 2019. The options will vest as to one third on June 27, 2019 and one third on each of the following two anniversaries. The majority (80%) of the share options in this issuance have been awarded to non-directors, mainly newly appointed employees directly involved in operations at the wholly owned Omagh, Northern Ireland, gold mine, now in advanced underground development.

Number of options issued to directors and executives are noted below:

Director or Executive Officer	Present office	Number of Common Shares Owned, Beneficially Held or Controlled	% of Class Held or Controlled	Number of existing share options	Exercise price of existing share options	Expiry date of existing share options	New options granted	Total options held following grant
Róisín Magee David Cather	Director Director	500,000 0	0.17% 0	200,000 0	$0.09 -	Feb 13,2024 -	300,000 200,000	500,000 200,000

The total number of incentive stock options outstanding prior to this award was 11,916,667 which results in the total number of incentive stock options  now outstanding for the Company being 14,416,667.   

As at February 14, 2019 Galantas Gold Corporation Issued and Outstanding Shares total  299,686,805.

This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.

The Incentive Stock Option award is subject to TSX Venture Exchange approval.

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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries : Galantas Gold Corporation
Roland Phelps C.Eng - President & CEO

Email: [e-mail]  Telephone: (UK) [phone]

Website: www.galantas.com 

Grant Thornton UK LLP (Nomad)

Philip Secrett, Richard Tonthat: Telephone: [phone]

Whitman Howard  Ltd (Broker & Corporate Adviser)

Nick Lovering, Grant Barker: Telephone: [phone]

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DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	David Cather
2.	Reason for the notification
a)	Position/status:	Non-Executive Director
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Galantas Gold Corporation
b)	LEI:	LEI: 213800JKVPLLKO4KVB93
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification Code	Common Shares of nil par value  ISIN: CA36315W2022
b)	Nature of the transaction	Grant of options to acquire shares
c)	Price(s) and volume	CDN$0.09 200,000 shares
d)	Aggregated information	200,000 options at CDN$0.09 exercise price
e)	Date of the transaction	June 27, 2019
f)	Place of the transaction	Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Róisín Magee
2.	Reason for the notification
a)	Position/status:	Non-Executive Director & Chairperson
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Galantas Gold Corporation
b)	LEI:	LEI: 213800JKVPLLKO4KVB93
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification Code	Common Shares of nil par value  ISIN: CA36315W2022
b)	Nature of the transaction	Grant of options to acquire shares
c)	Price(s) and volume	CDN$0.09 200,000 shares
d)	Aggregated information	300,000 options at CDN$0.09 exercise price
e)	Date of the transaction	June 27, 2019
f)	Place of the transaction	Outside a trading venue

 

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