Galantas Gold Corporation (TSXV & AIM: GAL) has received notification of an early exercise of warrant by G&F Phelps Ltd, a company wholly owned by former Galantas President and CEO, Roland Phelps and C$0.40 shareholder Michael Gentile, following the completion of U.K. share dealing clearance; for gross proceeds of C$503,600.
“We thank Mr. Phelps and Mr. Gentile for their continued support as we advance the Omagh Project towards production while also exploring to expand our high-grade resources. Their early exercise of warrants allows us to maintain a tight capital structure,” CEO, Mario Stifano, said.
As a result of the Exercise, Roland Phelps shareholding increased to 6.29% of the issued share capital and Mike Gentile’s shareholding increased to 7.16% of the issued share capital.
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 Northern Ireland’s first gold mine.
For further information please visit: https://galantas.com/
