Exercise of Warrants
Galantas Gold Corporation announced the exercise of warrants totaling 40,500,000 common shares at C$0.12 per share, raising C$4,860,000. This includes 39,000,000 warrants exercised by Eric Sprott's corporation, bringing his holding to approximately 19.9% of the company's issued share capital. Following the admission of these new shares to AIM, expected around April 21, 2026, the company's total issued share capital will be 499,363,772 ordinary shares.
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| Toronto, Ontario - April 16, 2026 - Galantas Gold Corporation (TSX-V: 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$0.12 per ordinary share pursuant to the issuance of the share purchase warrant as announced on 31 December 2025. Following the exercise of the share purchase warrant, Mr. Sprott will hold approximately 99,166,667 ordinary shares equal to 19.9% of the Company's issued share capital. |
On 13 April 2026, an additional 1,500,000 common share purchase warrants in the Company were exercised at an exercise price of C$0.12 per ordinary share.
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.