TIDMGAL
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: 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, Samuel
Littler
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Nick Lovering, Hugh Rich, John Prior
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: 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 Common Shares of nil par
instrument type of instrument value
Identification Code
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 Common Shares of nil par
instrument type of instrument value
Identification Code
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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END
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