RNS Number : 5062M
Galantas Gold Corporation
30 April 2024
 

Text Description automatically generated with medium confidence 

 


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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHQKCBPBBKBCQB
Grafico Azioni Galantas Gold (LSE:GAL)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Galantas Gold
Grafico Azioni Galantas Gold (LSE:GAL)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Galantas Gold