Galantas Gold Announces the Exercise of Warrants
Rhea-AI Summary
Galantas Gold (OTC:GALKF) announced that a total of 40,500,000 common share purchase warrants were exercised at C$0.12 per share, including 39,000,000 by 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott.
Application will be made for the 40,500,000 new ordinary shares to be admitted to trading on AIM, expected on or around 21 April 2026. Following Admission, issued share capital will be 499,363,772 ordinary shares and Mr. Sprott will hold approximately 19.9% of issued share capital.
Positive
- 40,500,000 warrants exercised at C$0.12 per share
- New ordinary shares to be admitted to AIM around 21 April 2026
- Post-Admission issued share capital 499,363,772 ordinary shares
Negative
- Issuance of 40,500,000 new shares causes dilution for existing holders
- Eric Sprott will hold ~19.9% of issued share capital, increasing shareholder concentration
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESS Newswire / April 16, 2026 / Galantas Gold Corporation (TSXV:GAL)(AIM:GAL) ("Galantas" or the "Company") announces that it has received notification from shareholder Eric Sprott, that 2176423 Ontario Ltd., a corporation beneficially owned by him, exercised 39,000,000 common share purchase warrants of the Company at an exercise price of C
On 13 April 2026, an additional 1,500,000 common share purchase warrants in the Company were exercised at an exercise price of C
Application will be made to the London Stock Exchange for the 40,500,000 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new ordinary shares on AIM will commence on or around 21 April 2026. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company.
Following Admission, the Company's issued share capital will consist of 499,363,772 ordinary shares.
About Galantas Gold Corporation
Galantas Gold Corporation is a publicly traded gold company focused on the acquisition, development, and advancement of gold assets in stable mining jurisdictions. The Company is currently advancing the Indiana Project in Chile toward production.
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.
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 Company is admitted to trading on AIM and accordingly, further disclosure on the matter can be found on the Company's profile on the London Stock Exchange website.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Telephone: +1 416-848-7744
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
SOURCE: Galantas Gold Corporation
View the original press release on ACCESS Newswire