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.