Finance Metals & Minerals News

Galantas raises $500,000 in warrant exercises

Posted on Author editorial Comments Off on Galantas raises $500,000 in warrant exercises

Galantas Gold Corporation received gross proceeds of CAD$503,600 after receiving notices to exercise by the company’s former president and chief executive.

The early exercise of 920,000 warrants was at an exercise price of CAD$0.33 by G&F Phelps Ltd, a company wholly owned by Roland Phelps.

The company received a further notice to exercise 500,000 warrants at CAD$0.40 by shareholder Michael Gentile.

The shares to be issued for the exercise of the 920,000 warrants by G&F Phelps Ltd. will be registered to Roland Phelps in trust for G&F Phelps Ltd.

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