TIDMGAL
RNS Number : 2148Z
Galantas Gold Corporation
20 May 2021
GALANTAS GOLD CORPORATION
GALANTAS GRANTS STOCK OPTIONS
May 20, 2021. Galantas Gold Corporation ("TSX-V: GAL; AIM: GAL)
("Galantas" or the "Company") reports that it has awarded 3,915,000
incentive stock options on the Company's common shares to
directors, employees and consultants, in accordance with the terms
of the Company's incentive Stock Option Plan. The exercise price
for the options, which expire on May 19, 2026, is C$0.86 per share
and the grant of these options was approved by the Board of
Directors on May 19, 2021. The options will vest as to one third
immediately and one third on each of May 19, 2022 and May 19, 2023,
and are valid for a 5-year period from the date of grant.
The number of options issued to directors, employees and
consultants are noted below:
Name of Optionee Position Number of Options
Roisin Magee Director & Chair 275,000
Mario Stifano Director Designate & Officer 1,500,000
James Golla Director 125,000
James Clancy Director 125,000
Brent Omland Director Designate & Strategic Advisor
375,000
David Cather Director 125,000
George Duguay Officer 75,000
Alan Buckley Officer 250,000
Employees and Consultants Various 1,065,000
Total Options Granted 3,915,000
The Company's Stock Option Plan allows for the issuance of up to
10% of issued and outstanding share capital in the form of
incentive stock options. The total number of incentive stock
options outstanding prior to this award was 570,000 which results
in the total number of incentive stock options now outstanding for
the Company being 4,485,000, representing 6.12% of the Company's
issued and outstanding shares, which total 73,270,468.
This disclosure has been authorized by Mario Stifano, Director
and CEO of Galantas Gold Corporation.
The aforementioned stock option grants are 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 Mario Stifano: Chief Executive
Officer
Email: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, George Grainger
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Nick Lovering, Hugh Rich
Telephone: +44(0)20 7886 2500
(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: 1. Roisin Magee
2. Mario Stifano
3. James Golla
4. James Clancy
5. Brent Omland
6. David Cather
7. George Duguay
8. Alan Buckley
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: 1. Director & Chair
2. Director Designate & Officer
3. Director
4. Director
5. Director Designate & Strategic
Advisor
6. Director
7. Officer
8. 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 Common Shares of nil par value
instrument type of instrument
Identification Code ISIN: CA36315W2022
-------------------------------- ---------------------------------------
b) Nature of the transaction Grant of Stock Options
-------------------------------- ---------------------------------------
c) Price(s) and volume Price for all grants C$0.86 per share.
Volumes
1. 275,000
2. 1,500,000
3. 125,000
4. 125,000
5. 375,000
6. 125,000
7. 75,000
8. 250,000
-------------------------------- ---------------------------------------
d) Aggregated information Stock Options: 3,915,000
Exercise price: C$0.86
-------------------------------- ---------------------------------------
e) Date of the transaction May 19, 2021
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
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.
END
DSHUKAARARUVAUR
(END) Dow Jones Newswires
May 20, 2021 02:00 ET (06:00 GMT)
Galantas Gold (LSE:GAL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Galantas Gold (LSE:GAL)
Historical Stock Chart
From Mar 2023 to Mar 2024