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. TERMS Galantas has entered into […]
Tag: Galantas Gold Corporation
Galantas drilling shows dilation zones at Joshua-Kearney
Galantas Gold Corporation said its drill programme results had shown dilation zones at the Joshua and Kearney veins in Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s 4,000m drill programme includes three holes drilled from the underground development at the Kearney vein. Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney vein and […]
Galantas agrees further $530,000 from Ocean and extends £1m loan
Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]
Galantas begins production process at Cavanacaw
Galantas Gold Corporation said it had started the production process with long drilling in the first series of stopes at the Cavanacaw gold and silver project in Omagh, Northern Ireland. STOPES The Canadian company added that installation of the secondary egress from the 1,096 to 1,052 level was in the final stage of completion and […]
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 […]
Galantas notes CEO’s early warrant exercise
Galantas Gold Corporation announced the early exercise of 83,333 warrants at an exercise price of CA$0.40 by its chief executive officer Mario Stifano. Following the exercise on 9 May, a total of 17,225,265, $0.40 warrants from the 14 May 2021 financing remain outstanding and are due to expire on May 14, 2023. Following admission, Mr Stifano’s interest will […]