Exercise of Warrants and PDMR Notification

RNS Number : 6544B

Galantas Gold Corporation

15 February 2022

 

GALANTAS GOLD CORPORATION

Exercise of Warrants and PDMR Share Dealing

February 15, 2022. Pursuant to announcement that went out yesterday, Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces the early exercise of 83,333 warrants at an exercise price of CAD$0.40 ("Warrants"), by Mario Stifano, CEO of Galantas, and 1,625,000 Warrants by Ocean Partners Ocean Partners USA Inc. ("Ocean Partners").

Following Admission, Ocean Partners will be interested in a total of 3,333,334 Common Shares representing 4.05% of the Company's issued share capital.

Mr Stifano will be interested in a total of 300,499 Common Shares representing 0.37% of the Company's issued share capital.

Ocean Partners is a person closely associated with Brent Omland, a Director of Galantas (within the meaning of the EU Market Abuse Regulation). Mr. Omland is CFO of Ocean Partners and is a nominee of Ocean Partners on the board of Galantas and holds a minority stake in, and is a director of, Ocean Partners' parent entity. Following Admission Mr. Omland's direct shareholding in the Company will be 33,334 Common Shares representing 0.04% of the Company's issued share capital and his indirect interest in the Company will be 3,333,334 Common Shares representing 4.05%.

1,708,333 Common Shares are expected to be admitted to trading on AIM on February 18, 2022 ("Admission").

Following Admission, the number of Common Shares in issue in the Company will increase to 82,302,134. 

The notification set out below, made pursuant to Article 19(3) of the Market Abuse Regulation which is part of UK law by virtue of the European Union (withdrawal) Act 2018, provides further details.

Enquiries

Galantas Gold Corporation 

Mario Stifano: Chief Executive Officer

Email: [e-mail] 

Website: www.galantas.com 

Telephone: [phone]

Grant Thornton UK LLP (AIM Nomad) 

Philip Secrett, Harrison Clarke, George Grainger, Samuel Littler 

Telephone: [phone] 

Panmure Gordon & Co (AIM Broker & Corporate Adviser)

Nick Lovering, Hugh Rich, John Prior

Telephone: [phone]

(UK) 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:	Ocean Partners UK Ltd
2.	Reason for the notification
a)	Position/status:	Ocean Partners UK Ltd is a person closely associated with Brent Omland, a Director of Galantas
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: CA36315W3012
b)	Nature of the transaction	Exercise of warrants
c)	Price(s) and volume	Price Volume C$ 0.40 1,625,000
d)	Aggregated information	N/A single transaction
e)	Date of the transaction	February 14, 2022
f)	Place of the transaction	Outside of a trading venue

(UK) 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:	Mario Stifano
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
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: CA36315W3012
b)	Nature of the transaction	Exercise of warrants
c)	Price(s) and volume	Price Volume C$0.40 83,333
d)	Aggregated information	N/A single transaction
e)	Date of the transaction	February 14, 2022
f)	Place of the transaction	Outside of a trading venue

 

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