Historical Related Party Transaction
Galantas Gold Corporation has announced a related party transaction and historical dealings by a Person Discharging Managerial Responsibilities (PDMR). CEO Mario Stifano participated in a private placement, acquiring 400,000 units for $32,000 at $0.08 per unit, which is considered a related party transaction under AIM rules and deemed fair by the directors. Officer George Duguay also participated, purchasing 500,000 units for $40,000. Historically, Mr. Stifano incorrectly disclosed a purchase of 500 shares in 2021, which should have been 800, and later sold 1,375 shares for $0.53 each in November 2022. Following these events, Mr. Stifano holds approximately 0.14% of the company's issued share capital.
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| Toronto, Ontario - January 20, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") announces the following related party transaction, PDMR Share Dealing and Historic PDMR Share Dealings. |
Related Party Transaction
On January 2, 2026 the Company announced the closing of a private placement (the "Brokered Offering") of 186,250,000 units of the Company (each, a "Unit") at a price of $0.08 per Unit (the "Offering Price"), for aggregate gross proceeds of $14,900,000. Each Unit is comprised of one common share of nil par value ("Galantas Share") and one Galantas Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Galantas Share at a price of $0.12 for a period of 36 months from the date hereof.
Mario Stifano, Chief Executive Officer of the Company, participated in the Brokered Offering for 400,000 Units, purchasing these Units at the Offering Price for a total consideration of $32,000 (the "Stifano Participation"). George Duguay, an officer of the Company, also participated in the Brokered Offering for 500,000 Units at the Offering Price for a total consideration of $40,000.
Mr Stifano is deemed a related party to the Company for the purposes of the AIM Rules for Companies, and the Stifano Participation is considered a related-party transaction for the purposes of Rule 13 of the AIM Rules for Companies. Accordingly, the Stifano Participation should have been evaluated and announced as a Related Party Transaction under AIM Rule 13 at the time.
In accordance with AIM Rule 13, the Directors of the Company, excluding Mr Stifano, having consulted with the Company's nominated adviser, consider that, at the time it was entered into, the terms of the Stifano Participation were fair and reasonable, insofar as the Company's shareholders are concerned.
Historic PDMR Share Dealings
On June 25, 2021, the Company announced that Mr Stifano had on June 23, 2021, purchased 500 Galantas Shares at an average price of C$0.73. The number of Galantas Shares purchased was incorrectly disclosed and should have been 800 Galantas Shares. The Company received notification on January 20, 2026, that on November 25, 2022, Mr Stifano sold 1,375 Galantas Shares at an average price of $0.53.
Following the Stifano Participation and the aforementioned disclosures, Mr Stifano holds 641,278 Galantas Shares, representing approximately 0.14% of the Company's issued share capital.
| a) | Name: | Galantas Gold Corporation |
| b) | LEI: | LEI: 213800JKVPLLKO4KVB93 |
| a) | Description of the financial instrument type of instrument Identification Code | Common Shares and Share Purchase Warrants ISIN: CA36315W3012 |
| b) | Nature of the transaction | Private Placement for a "Unit" at C$0.08 per Unit, where each Unit comprises one common share and one common share purchase warrant |
| c) | Price(s) and volume | Price Volume C$0.08 400,000 |
| d) | Aggregated information | N/A single transaction |
| e) | Date of the transaction | December 31, 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Mario Stifano |
| 2. | Reason for the notification | |
| a) | Position/status: | Chief Executive Officer |
| b) | Initial notification/Amendment: | Initial Notification |
| a) | Name: | Galantas Gold Corporation |
| b) | LEI: | LEI: 213800JKVPLLKO4KVB93 |
| a) | Description of the financial instrument type of instrument Identification Code | Common Shares of nil par value ISIN: CA36315W2022 |
| b) | Nature of the transaction | Sale of shares |
| c) | Price(s) and volume | Price Volume C$ 0.53 1,375 |
| d) | Aggregated information | 1,375 at a price of C$ 0.53 |
| e) | Date of the transaction | November 25, 2022 |
| f) | Place of the transaction | Toronto Stock Exchange |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | George Duguay |
| 2. | Reason for the notification | |
| a) | Position/status: | Officer |
| b) | Initial notification/Amendment: | Initial Notification |
| a) | Name: | Galantas Gold Corporation |
| b) | LEI: | LEI: 213800JKVPLLKO4KVB93 |
| a) | Description of the financial instrument type of instrument Identification Code | Common Shares and Share Purchase Warrants ISIN: CA36315W3012 |
| b) | Nature of the transaction | Private Placement for a "Unit" at C$0.08 per Unit, where each Unit comprises one common share and one common share purchase warrant |
| c) | Price(s) and volume | Price Volume C$0.08 500,000 |
| d) | Aggregated information | N/A single transaction |
| e) | Date of the transaction | December 31, 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.