Galantas Gold Corp. is pleased to announce the appointment of Micon International Limited to produce a NI 43-101-compliant Mineral Resource Estimate for the Company's Omagh Gold Project in Northern Ireland. Mario Stifano, CEO of Galantas, commented: "Galantas has completed more than 4,100 metres of drilling during the last year, in our largest exploration program since the 2014 resource estimate. We have accumulated a [...]
Galantas Gold Corp. is providing an update on the Company's private placement of units of the Company as announced by way of news release on August 8, 2022, August 11, 2022 and August 30, 2022. The Company wishes to correct its disclosure to clarify that a portion of the closing of such private placement represented "Shares for Services" under TSX Venture Exchange Policy 4.3. Pursuant to the private placement, on August [...]
Galantas Gold Corp. is pleased to announce results for four holes from its ongoing drilling program at the Omagh Project in Northern Ireland. Three holes were drilled from an underground platform towards the south of the development on the Kearney Vein, and one was drilled from a new platform in the north. Drilling highlights: Hole FR-DD-22-UG-191 targeted a northern extension to a proposed dilation zone* within the [...]
Galantas Gold Corp. is pleased to announce that its subsidiary Flintridge Resources Limited has appointed QME Limited of Navan, Ireland, as a mining contractor to develop the access and exploration drives to the Joshua Vein at its Omagh Gold Project in Northern Ireland. QME's project scope comprises a total of 600 metres of underground development and is expected to commence in January 2023. Development to an exploration [...]
Galantas Gold Corp. is pleased to announce that it has closed its previously announced private placement, pursuant to which the Company sold an aggregate of 14,826,674 units of the Company at a price of C$0.45 per Unit on a "best efforts" brokered private placement basis for gross proceeds of C$6,672,003.30 and 506,667 Units at the Offering Price on a non-brokered private placement basis for gross proceeds of [...]
Galantas Gold Corp. is pleased to announce its unaudited financial results for the Quarter and Six Months ended June 30, 2022. Financial Highlights Highlights of the second quarter 2022 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars Quarter Ended June 30 Six Months Ended June 30 2022 2021 2022 2021 Revenue $ 0 $ 0 $ 0 $ 0 Cost and expenses of operations [...]
Galantas Gold Corp. is pleased to announce that it has entered into an amending agreement with Canaccord Genuity Corp., on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation , to increase the size of the Company's previously announced proposed "best efforts" private placement to up to 13,333,340 units of the Company at a price of C$0.45 per Unit for aggregate [...]
Galantas Gold Corp. announces that it has entered into an agreement with Canaccord Genuity Corp., on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation , in connection with a proposed "best efforts" private placement of up to 8,888,890 units of the Company at a price of C$0.45 per Unit for aggregate gross proceeds of up to approximately C$4 million. Each Unit will [...]
Galantas Gold is pleased to announce results for three holes from its ongoing 4,000-metre drilling program at the Omagh Project. All three holes were drilled from the underground development at the Kearney Vein. Drilling highlights: Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney Vein and intersected 31.8 g/t gold and 39.2 g/t silver over 4.4 m, including 69.6 g/t Au and 86.6 g/t Ag over 1.4 metres (see [...]
Galantas Gold announces the closing of the loan agreement for US$530,000 with Ocean Partners UK Ltd. Terms of the Loan Agreement, as previously announced on July 26, 2022: The Loan matures on Jan 31, 2023. The Loan will bear interest at an annual rate of 12% compounded monthly and repayable in full on the Maturity Date. US$10,000 commitment fee has been paid to Ocean. 125,000 warrants have been g
Galantas Gold announces that it has entered into a further loan agreement for US$530,000 with Ocean Partners UK Ltd. The Loan is to be used to fund the development of the underground mining operations at the Omagh Gold Project in Northern Ireland and working capital. The Loan is repayable six months from the date of closing of the issue of the Loan and will bear interest at an annual rate of 12% compounded monthly and [...]
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