Galantas Gold Announces Notification of Change to Significant Shareholding

A former 10.97% shareholder has sold his entire stake in Galantas Gold through a private share purchase agreement.

Rhea-AI Summary

Galantas Gold (GALKF) reports a change in a significant shareholding following a private share transaction completed on 21 August 2026.

Luis Enrique Catril Espinoza disposed of 91,313,890 common shares at CAD$0.42 per share, for total consideration of CAD$38,351,833.80, under a private share purchase agreement with Alpayana S.A.C. dated 17 August 2026. These shares represented approximately 10.97% of Galantas’ issued and outstanding common shares on a non‑diluted basis immediately prior to the transaction. Following completion, Mr. Catril no longer beneficially owns or controls any Galantas securities and, under AIM Rules, has ceased to be a substantial shareholder. His early warning report states there are no joint actors in respect of the transaction.

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Toronto, Ontario--(Newsfile Corp. - September 3, 2026) - Galantas Gold Corporation (TSXV: GAL) (AIM: GAL) ("Galantas" or the "Company") announces that it was notified today of the following change to a significant shareholding in the Company:

Luis Enrique Catril Espinoza ("Mr. Catril") has on 21 August 2026 disposed of 91,313,890 common shares of the Company ("Common Shares"), being the class of the Company's AIM securities, at a price of CAD$0.42 per Common Share for aggregate consideration of CAD$38,351,833.80. The disposal was made pursuant to a private share purchase agreement dated 17 August 2026 between Mr. Catril and Alpayana S.A.C. ("Alpayana"), and corresponds to the acquisition by Alpayana announced by the Company on 27 August 2026.

Immediately prior to the transaction, Mr. Catril beneficially owned and controlled 91,313,890 Common Shares, representing approximately 10.97% of the Company's issued and outstanding Common Shares on a non-diluted basis. Following completion of the transaction, Mr. Catril does not beneficially own or control any Common Shares or other securities of the Company. Mr. Catril's early warning report filed under National Instrument 62-103 on September 3, 2026 states that there are no joint actors in respect of the transaction. Accordingly, Mr. Catril has ceased to be a substantial shareholder of the Company for the purposes of the AIM Rules.

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 Advisory & Tax 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312799

FAQ

What significant shareholding change did Galantas Gold (GALKF) announce on September 3, 2026?

Galantas Gold announced that Luis Enrique Catril Espinoza sold 91,313,890 common shares, which represented about 10.97% of the company’s issued and outstanding common shares, and as a result he no longer holds any Galantas securities.

How many Galantas Gold (GALKF) shares were sold and at what price?

Luis Enrique Catril Espinoza sold 91,313,890 common shares of Galantas Gold at a price of CAD$0.42 per share, for aggregate consideration of CAD$38,351,833.80, under a private share purchase agreement with Alpayana S.A.C.

When did the Galantas Gold (GALKF) significant shareholder disposal take place?

The disposal of Galantas Gold shares by Luis Enrique Catril Espinoza took place on 21 August 2026, pursuant to a private share purchase agreement dated 17 August 2026 between him and Alpayana S.A.C.

Does Luis Enrique Catril Espinoza still qualify as a substantial shareholder of Galantas Gold (GALKF)?

No. After selling 91,313,890 common shares, Luis Enrique Catril Espinoza does not beneficially own or control any Galantas securities and has ceased to be a substantial shareholder for the purposes of the AIM Rules.

Were there any joint actors involved in the Galantas Gold (GALKF) share disposal by Luis Enrique Catril Espinoza?

According to Luis Enrique Catril Espinoza’s early warning report filed on September 3, 2026, there are no joint actors in respect of the transaction involving the disposal of his Galantas Gold shares.