Galantas Gold Corporation Galantas Gold commences trading on the OTCQX (3567K)
01 September 2021 - 4:41PM
UK Regulatory
TIDMGAL
RNS Number : 3567K
Galantas Gold Corporation
01 September 2021
Galantas Gold commences trading on the OTCQX under symbol
GALKF
SEPTEMBER 1, 2021, TORONTO, CANADA - Galantas Gold Corporation
(TSX-V: GAL; AIM: GAL) ("Galantas" or the "Company") is pleased to
announce that its common shares (the "Shares") are now qualified
for trading under the
ticker symbol "GALKF" on the OTCQX(R) Best Market ("OTCQX") in the United States.
Mario Stifano, Chief Executive Officer and Director of Galantas,
commented: "The OTCQX listing marks an important milestone for
Galantas. Our decision to cross-trade in the U.S. is part of our
strategy to grow our international shareholder base and promote
greater liquidity as we continue our focus on expanding high-grade
gold production and the mineral resources at our Omagh Project in
Northern Ireland."
The OTCQX(R) Best Market is for established, investor-focused
U.S. and international companies. To qualify for the OTCQX market,
companies must meet high financial standards, follow best practice
corporate governance, demonstrate compliance with U.S. securities
laws, be current in their disclosure, and have a professional
third-party sponsor introduction. Penny stocks, shells and
companies in bankruptcy cannot qualify for OTCQX.
By trading on the OTCQX, the common shares of Galantas will be
available to U.S. investors during U.S. working hours and priced in
US$. Foreign private issuers, such as Galantas, that trade on the
OTCQX and meet the requirements of U.S. Securities Exchange Act
Rule 12g3-2(b) are exempt from SEC reporting and will incur minimal
ongoing costs as a result of the Company's common shares being
traded on the OTCQX.
The Company is preparing an application with the Depository
Trust & Clearing Corporation (DTCC) to further facilitate
electronic clearing and settlement of the Company's common shares
in the United States.
The Company's Shares will continue to trade on the TSX-V and AIM
exchanges under the symbol "GAL".
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.
About Galantas Gold Corporation
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.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100
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
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