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 Click Here for more Galantas Gold Charts.
Galantas Gold (LSE:GAL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Galantas Gold Charts.