Finance Metals & Minerals News

Galantas raises C$749,000 via shares for creditors

Galantas Gold Corporation completed a shares-for-debt transaction announced in March with several of its arm’s length creditors for a total C$749,020 (£440,600).

The company has accordingly issued a total 2,080,609 units of the company each at a deemed price of C$0.36.

Each unit is comprised of one common share and one common share purchase warrant.

Each warrant entitles the holder to purchase one common share at a price of $0.55 until 26 April 2028.

Following admission, Galantas’ issued and outstanding common shares will total 114,808,403.