GALANTAS GOLD GRANTS STOCK
OPTIONS
April 30, 2024, TORONTO, CANADA -
Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF)
("Galantas" or the "Company") reports that it has awarded
3,175,000 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 April 29,
2029, is C$0.23 per share and the grant of these options was
approved by the Board of Directors on April 23, 2024. The options
will vest as to one third immediately and one third on each of
April 29, 2025 and April 29, 2026, 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
James
Clancy
Director
125,000
Róisín
Magee
Director &
Chair
200,000
Mario
Stifano
Director &
Officer
1,000,000
Brent
Omland
Director & Strategic
Advisor
125,000
David
Cather
Director
125,000
Brendan
Morris
Officer
250,000
Alan
Buckley
Officer
250,000
George
Duguay
Officer
75,000
Employees and
Consultants
Various
1,025,000
Total Options
Granted
3,175,000
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 5,777,500 which results in the total number of incentive stock
options now outstanding for the Company being 8,952,500,
representing 7.8% of the Company's issued and outstanding shares,
which total 114,535,293.
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.
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, and exploring the Gairloch Project hosting the Kerry Road
gold-bearing VMS deposit in Scotland.
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, Enzo Aliaj, Elliot
Peters
Telephone: +44(0)20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate
Finance)
Grant Barker (Sales & Broking)
Telephone: +44(0)20 3470 0470
(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. James Clancy
2. Róisín Magee
3. Mario Stifano
4. Brent Omland
5. David Cather
6. Brendan Morris
7. Alan Buckley
8. George Duguay
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
1. Director
2. Director & Chair
3. Director & Officer
4. Director & Strategic
Advisor
5. Director
6. Officer
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
instrument type of instrument
Identification Code
|
Common Shares of nil par
value
ISIN: CA36315W2022
|
|
b)
|
Nature of the transaction
|
Grant of Stock Options
|
|
c)
|
Price(s) and volume
|
Price for all grants C$0.23 per
share.
Volumes
1. 125,000
2. 200,000
3. 1,000,000
4. 125,000
5. 125,000
6. 250,000
7. 250,000
8. 75,000
|
|
d)
|
Aggregated information
|
Stock Options: 3,175,000
Exercise price: C$0.23
|
|
e)
|
Date of the transaction
|
April 29, 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|