TIDMGAL

RNS Number : 2362O

Galantas Gold Corporation

09 June 2022

GALANTAS GOLD CORPORATION

Exercise of Warrants and PDMR Share Dealing

June 09, 2022. 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. A total of 17,225,265, CAD$0.40 Warrants from the May 14, 2021, financing remain outstanding and are due to expire on May 14, 2023 (see May 18, 2021 news release).

Following Admission, Mr Stifano will be interested in a total of 483,832 Common Shares representing 0.58% of the Company's issued share capital.

83,333 Common Shares are expected to be admitted to trading on AIM on June 14, 2022 ("Admission").

Following Admission, the number of Common Shares in issue in the Company will increase to 83,750,134.

Further details of the PDMR dealings are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

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 gold production and resources at the Omagh Project in Northern Ireland.

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

 
        Details of the person discharging managerial responsibilities/person 
  1.     closely associated 
 a)     Name:                                   Mario Stifano 
       --------------------------------------  ------------------------------- 
        Reason for the notification 
   2. 
       ----------------------------------------------------------------------- 
 a)     Position/status:                        Chief Executive Officer 
       --------------------------------------  ------------------------------- 
 b)     Initial notification/Amendment:         Initial Notification 
       --------------------------------------  ------------------------------- 
        Details of the issuer, emission allowance market 
  3.     participant, auction platform, auctioneer or auction 
         monitor 
       ----------------------------------------------------------------------- 
 a)     Name:                                   Galantas Gold Corporation 
       --------------------------------------  ------------------------------- 
 b)     LEI:                                    LEI: 213800JKVPLLKO4KVB93 
       --------------------------------------  ------------------------------- 
        Details of the transaction(s): section to be repeated 
  4.     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                 June 07, 2022 
       --------------------------------------  ------------------------------- 
 f)     Place of the transaction                Outside of a trading venue 
       --------------------------------------  ------------------------------- 
 

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END

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