Galantas Gold Corporation said it had signed an amending agreement to increase the size of its proposed private placement of raising CAD$4 million to up to $6m (£3.9m).
UNITS
The deal is with Canaccord Genuity Corp, on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation.
The Canadian miner has altered its original proposed “best efforts” private placement of up to 8,888,890 units each at C$0.45 to up to 13,333,340 units at the same price.
The “upsized offering” is expected to close on or about 25 August 2022.
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Galantas Gold Corporation is offering a non-brokered private placement of up to 5,555,555 units, each at C$0.36 to raise up to C$2 million. USES Each unit comprises one common share of the company and one common share warrant. Each warrant entitles the holder to purchase an additional common share at C$0.55 per…
Galantas Gold Corporation said that additional interest had prompted it to increase the previously announced non-brokered private placement and target fundraise from C$2 million to $2.75m. USES In March, the Canadian company announced an offering of up to 5,555,555 units of the company, each at C$0.36, which is now raised…
Galantas Gold Corporation said it aimed to raise CAD$4 million (£2.56m) through a private placement for its operations at Cavanacaw gold mine in Omagh, Northern Ireland. USES The Canadian company added it would use the net proceeds to explore and develop the Joshua target, working capital and general corporate purposes.…
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