Galantas Gold Announces New Chair of The Board
Rhea-AI Summary
Galantas Gold (OTC: GALKF) appointed director and mining engineer David Cather as Non-Executive Chair of the Board, following his interim role since July 7, 2026, after Róisin Magee’s resignation. According to Galantas, Cather will oversee the Board as the company advances the Andacollo Gold and Indiana projects toward production.
Galantas granted 750,000 restricted share units (RSUs) to Cather, vesting one-third on August 31, 2027, one-third on January 1, 2028, and one-third on January 1, 2029. Each vested RSU entitles settlement in one common share, cash, or a combination under the shareholder-approved omnibus equity incentive plan.
Positive
- Appointment of permanent Chair with mining engineering background and board tenure since 2019
- 750,000 RSUs granted to new Chair with vesting from 2027 to 2029
Negative
- None.
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Toronto, Ontario--(Newsfile Corp. - September 1, 2026) - Galantas Gold Corporation (TSXV: GAL) (AIM: GAL) (OTC Pink: GALKF) ("Galantas" or the "Company") announces the appointment of Mr. David Cather as Non-Executive Chair of the Board ("Chair"). Mr. Cather a mining engineer and a director of the Company since June 2019 was serving as Interim Chair since July 7, 2026, following the resignation of former Chair, Róisín Magee.
"On behalf of the Company, I am pleased to welcome David Cather as the incoming Chair of Galantas' Board of Directors," said Mario Stifano, President and CEO of the Company. "Mr. Cather will lead the Board at an exciting time as we execute on our strategic priorities to bring Andacollo Gold and the Indiana Projects into production and deliver value to shareholders."
The Company has granted 750,000 restricted share units ("RSUs") to Mr. Cather. Each of the RSUs will vest in accordance with the following schedule: 1/3 of the RSUs will vest on August 31, 2027; 1/3 of the RSUs will vest on January 1, 2028; and 1/3 of the RSUs will vest on January 1, 2029. Upon vesting, each RSU represents the right to receive one Common Share of the Company, cash payment or a combination thereof upon settlement of such RSU in accordance with the Company's omnibus equity incentive plan, which was approved by the Company's shareholders on June 15, 2026.
About Galantas Gold Corporation
Galantas Gold Corporation is a publicly traded gold and copper company focused on the acquisition, development, and advancement of gold and copper assets in stable mining jurisdictions. The Company is currently advancing the development of the Indiana Project and the Andacollo Gold Project in Chile. Galantas' strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation, and responsible development of high-quality mineral assets.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, Elliot Peters
Telephone: +44(0)20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate Finance)
Grant Barker (Sales & Brokering)
Telephone: +44(0)20 3470 0470
Neither TSXV nor its Regulation Services Provider, as that term is defined in the policies of the TSXV, accepts responsibility for the adequacy or accuracy of this news release.
The information contained in this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014, which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. This information is disclosed in accordance with the Company's obligations under Article 17 of UK MAR. Upon publication of this announcement, this inside information is now considered to be in the public domain.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312382