| Previous Close | 0.3000 |
| Open | 0.3000 |
| Bid | 0.2600 x N/A |
| Ask | 0.3500 x N/A |
| Day's Range | 0.3000 - 0.3000 |
| 52 Week Range | 0.2000 - 0.4500 |
| Volume | 4,500 |
| Avg. Volume | 7,204 |
| Market Cap | 13.97M |
| Beta (5Y Monthly) | 3.10 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.1080 |
| Earnings Date | Jun. 11, 2021 - Jun. 18, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Galantas Restarts Blasting Underground
TORONTO, March 12, 2021 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the “Company” or “Galantas”), the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, is pleased to announce that limited blasting underground has re-commenced. Development mining of the Kearney gold vein has re-started on a single shift basis. It is expected to produce a feed of higher gold grade for the processing plant than the current feed, which comes from low grade stock. Total concentrate production is expected to rise, driven by an expected higher feed grade. During the period of suspension of blasting operations at the mine, key mining skill sets were preserved by the incorporation of personnel within process plant operations. Process plant operations will now reduce from three shifts to two. The limited re-start is being carried out within current cash resources, using a single existing equipment suite, which is fully operational. Operating performance may be reduced in the event of any breakdowns. The Company has also been advised that the restocking of specialist blasting materials may be subject to short-term delays due to Brexit. An operational review will be carried out after a two to four week period. A further announcement will be made when the review has been completed. Roland Phelps, (President & CEO, Galantas Gold Corporation), said, “The restart of blasting, although limited by our cash availability, is good progress. If the upcoming review is positive, the re-start is expected to enhance gold concentrate production. Cash constraints do restrict how quickly operations can be expanded and the Company is actively working with third parties on the arrangements required both to expand blasting underground and to expand exploration, for which significant potential exists.” Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. EnquiriesGalantas Gold CorporationRoland Phelps C.Eng – President & CEOEmail: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100 Grant Thornton UK LLP (Nomad) Philip Secrett, Harrison Clarke, George Grainger: Telephone: +44(0)20 7383 5100 Panmure Gordon & Co (AIM Broker & Corporate Adviser)Nick Lovering, Hugh Rich:Telephone: +44(0)20 7659 1234
- GlobeNewswire
Galantas Inks Commercial Blasting Arrangements
TORONTO, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the “Company” or “Galantas”), the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, is pleased to announce that a formal agreement regarding blasting has been reached between the Company’s operating subsidiary and the Police Service of Northern Ireland (PSNI). The PSNI have responsibilities regarding the supervision of the use of blasting materials in Northern Ireland. The agreement provides the potential for a materially improved economic arrangement for an expansion of underground blasting, required for full production, to take place at the Omagh Mine. The agreement has followed a comprehensive review by the PSNI and regulators. Roland Phelps, (President & CEO, Galantas Gold Corporation), said, “The agreement is the result of detailed cooperation between Galantas & PSNI and I am pleased that the new arrangements, in which the Company has heavily invested, have been formalized in this way. The previous arrangements, under which the Company made around two kilometres of underground development, constrained the Company’s ability to expand underground production. The new arrangements are designed to permit underground blasting to be expanded to achieve commercial production levels. The Company is actively working with third parties on the financing arrangements required to recommence and expand blasting underground.” Underground maintenance activities continue, as does the processing of low grade stockpile material. Health and Safety is a priority, with zero lost-time incidents since underground mining began. Routine environmental monitoring of the Company’s operations continue to demonstrate compliance with regulatory consents. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. EnquiriesGalantas Gold CorporationRoland Phelps C.Eng – President & CEOEmail: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100 Grant Thornton UK LLP (Nomad) Philip Secrett, Harrison Clarke, George Grainger: Telephone: +44(0)20 7383 5100 Panmure Gordon & Co (AIM Broker & Corporate Adviser)Nick Lovering, Hugh Rich:Telephone: +44(0)20 7659 1234
- GlobeNewswire
Galantas Announces Conversion of Convertible Debenture
TORONTO, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the “Company”), the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, is pleased to announce that a convertible debenture, as detailed in releases dated December 16 and 23, 2019 (the “Debenture”) and approved by the TSX Venture Exchange, has been converted into common shares of the Company, by the holder, Melquart Limited. The debenture carried a 15% coupon and was exercisable at a 25% discount to the market price. The capital and interest accruing on the Debenture totals GBP£1,150,000 (CAN$ 1,968,386).As governed by the Debenture, 11,410,933 common shares of no par value (“Common Shares”) have been issued at a price of CAN$0.1725.Following the issuance, Melquart Limited will hold 20,673,528 common shares, representing 45.1% of the issued share capital of the Company and the Debenture is satisfied in full.The Company has applied for admission of the Common Shares in connection with the Debenture to trading on the AIM market of the London Stock Exchange ("Admission") with Admission expected to occur on or around December 30, 2020.The total number of Common Shares of the Company following issuance is 46,565,537.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.Enquiries Galantas Gold Corporation Roland Phelps C.Eng – President & CEO Email: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100Grant Thornton UK LLP (Nomad) Philip Secrett, Harrison Clarke: Telephone: +44(0)20 7383 5100 Panmure Gordon & Co (AIM Broker & Corporate Adviser) Nick Lovering, Hugh Rich: Telephone: +44(0)20 7659 1234
