Galantas Gold Corporation has agreed a £347,000 loan from major shareholder Melquart Ltd for the initial lease payment for the recently acquired Gairloch project in Scotland. TERMS The Canadian company is targeting the gold-bearing volcanogenic massive sulphide deposit on land owned by the Gairloch Estate in Wester Ross in the North-West Highlands. The loan is […]
Tag: Melquart Limited
Galantas receives C$264,333 via warrant exercise
Galantas Gold Corporation received C$264,333.60 (£174,000) from the early exercise of 700,000 warrants at C$0.33 and 83,334 warrants at C$0.40 by investor Ocean Partners UK Ltd. Following admission, Ocean Partners will have a 4,116,668 common shares representing 4% of the company’s issued share capita. The number of common shares in issue in the Canadian miner […]
Galantas to raise up to £3.8m for Cavanacaw
Galantas Gold Corporation announced a proposed private placement to finance full commercial production and increase high grade resource at Cavanacaw mine in Omagh, Northern Ireland. PLACEMENT The private placement consists of a minimum of 17 to 22 million units at C$0.30 (17p) per unit, where each unit comprises one common share and one warrant. The […]