Extractive Industries

Galantas closes $530,000 loan with Ocean Partners

Galantas Gold Corporation said it had closed the US$530,000 (£435,000) loan agreement with Ocean Partners UK Ltd for its operations at Cavanacaw mine in Omagh, Northern Ireland.

DIRECTOR ROLE

Ocean Partners is closely associated with Brent Omland, a director of the Canadian mining company.

Mr Omland is also chief financial officer of Ocean Partners and is a nominee of Ocean Partners on the board of Galantas.

He holds a minority stake in, and is a director of, Ocean Partners’ parent entity.

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