Grant of RSUs and Stock Options
Galantas Gold Corporation has granted 33,650,000 restricted share units (RSUs) to directors, officers, employees, and consultants, with vesting scheduled over three years, and also issued 775,000 incentive stock options to consultants, with an exercise price of $0.55. The RSUs, which can be settled in shares or cash at the Board's discretion, were awarded to key personnel including the CEO, Mario Stifano, who received 10,000,000 RSUs. The stock options granted include 500,000 that vest immediately and 275,000 vesting over 12 months. These grants, along with prior awards, bring the total shares reserved under the plan to 39,055,000, representing 4.71% of the company's issued and outstanding shares.
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| Toronto, Ontario - July 6, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") reports that on 4 July 2026 (the "Date of Grant"), the Board allotted and reserved 33,650,000 restricted share units of the Company ("RSUs") to certain directors, officers, employees and consultants of the Company ("Participants"), consisting of a right to receive a share, cash payment or a combination thereof upon settlement of such RSU in accordance with the Company's omnibus equity incentive plan, which was approved by the Company's shareholders on June 15, 2026 (the "Plan"). The method of settlement of the RSUs is fully at the discretion of the Board as administrators of the Plan. | |
|---|---|---|
| Participant | Role at the Company | RSUs |
| Mario Stifano | Chief Executive Officer | 10,000,000 |
| Roisin Magee | Director | 2,000,000 |
| David Cather | Director | 1,250,000 |
| James Clancy | Director | 1,250,000 |
| Brent Omland | Director | 1,250,000 |
| Lawrence Roulston | Director | 1,250,000 |
| Dorian L. Nicol | Geologist Consultant | 1,250,000 |
| Robert Sedgemore | Senior Vice President, Operations | 1,250,000 |
| Andreas L'Abbe | Chief Financial Officer | 2,500,000 |
| Alan Buckley | Consultant | 500,000 |
| George Duguay | Corporate Secretary | 650,000 |
| Others | Officers, employees and consultants | 10,500,000 |
| TOTAL | 33,650,000 |
The RSUs will vest in accordance with the following schedule:
- 1/3 of the RSUs will vest on July 4, 2027;
- 1/3 of the RSUs will vest on January 1, 2028; and
- 1/3 of the RSUs will vest on January 1, 2029;
If an RSU expires during a closed period imposed by the Company or at a time when undisclosed material information exists, the expiry date of the RSU will automatically extend to the date that is 10 business days after the closed period is lifted.
The Company also reports that on 4 July 2026, it granted 775,000 incentive stock options ("Options") to consultants, pursuant to the Company's Plan which was approved by the Company's shareholders on June 15, 2026.
500,000 Options have been granted to a consultant and will vest immediately. The remaining 275,000 Options have been granted to another consultant, vesting in four equal tranches over the next 12 months. The exercise price for the Options is $0.55, and the Options shall expire on the date which is five (5) years from the Date of Grant.
The Company's Plan allows for the aggregate number of shares that may be reserved for issuance under this Plan as up to 10% percent of the Corporation's issued and outstanding shares. The total number of shares under the Plan outstanding prior to this award was 4,630,000, which results in the total number of shares now outstanding for the Company being 39,055,000, representing 4.71% of the Company's issued and outstanding shares, which total 829,625,590.
| 1 | Details of the person discharging managerial responsibilities | |
| a) | Name | 1. Mario Stifano 2. Roisin Magee 3. David Cather 4. James Clancy 5. Brent Omland 6. Lawrence Roulston 7. Dorian L. Nicol 8. Robert Sedgemore 9. Andreas L'Abbe 10. Alan Buckley 11. George Duguay |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Director 3. Director 4. Director 5. Director 6. Director 7. Geologist Consultant 8. Senior Vice President, Operations 9. Chief Financial Officer 10. Consultant 11. Corporate Secretary |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Galantas Gold Corporation |
| b) | LEI | 213800JKVPLLKO4KVB93 |
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES CA36315W3012 |
| b) | Nature of the transaction | Grant of Restricted Share Units (RSUs) |
| c) | Price(s) and volume(s) | No price due to the nature of the transaction Volumes 1. 10,000,000 2. 2,000,000 3. 1,250,000 4. 1,250,000 5. 1,250,000 6. 1,250,000 7. 1,250,000 8. 1,250,000 9. 2,500,000 10. 500,000 11. 650,000 |
| d) | Aggregated information - Aggregated volume - Price | 23,150,000 N/A |
| e) | Date of the transaction | 2 July 2026 |
| f) | Place of the transaction | Outside of a trading venue |
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