Exercise Of Debentures And Warrants
Galantas Gold Corporation announced the exercise of debentures and warrants, resulting in the issuance of new ordinary shares. Specifically, US$10,000 in convertible debentures were converted into over 39,215 shares at US$0.255 each. Additionally, warrants for 44,147,000 ordinary shares were exercised at C$0.12 per share, with Ocean Partners Holdings Ltd. exercising 35,937,500 of these and subsequently holding approximately 15.5% of the company's issued share capital. Compensation warrants for 175,001 shares were also exercised at C$0.08 each. Following these exercises, 44,361,216 new ordinary shares will be admitted to trading on AIM, expected around May 20, 2026, bringing the total issued share capital to 550,036,988 ordinary shares.
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| Toronto, Ontario - May 15, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") announces the following exercises of debentures and warrants. |
On 11 May 2026, US$10,000 convertible debentures were converted resulting in over 39,215 ordinary shares in the Company being converted at a price of US$0.255.
On 12 May 2026, warrants over 44,147,000 ordinary shares in the Company were exercised at an exercise price of C$0.12 per ordinary share. 35,937,500 of the warrants were exercised by Ocean Partners Holdings Ltd. ("Ocean Partners"). Following the exercise of the warrants, Ocean Partners will hold approximately 84,956,946 ordinary shares equal to 15.5% of the Company's issued share capital.
On 13 May 2026, compensation warrants over 175,001 ordinary shares in the Company were exercised at an exercise price of C$0.08 per ordinary share.
Application will be made to the London Stock Exchange for the 44,361,216 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 20 May 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 550,036,988 ordinary shares.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.