Extractive Industries

Galantas increases private placement target to C$6m

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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