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GAL Galantas Gold Corporation

10.25
0.75 (7.89%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold Corporation LSE:GAL London Ordinary Share CA36315W3012 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 7.89% 10.25 9.50 11.00 10.25 9.50 9.50 5,664 15:03:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -16.63M -0.1448 -1.24 20.67M

Galantas Gold Corporation GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS (6449A)

27/03/2017 3:00pm

UK Regulatory


Galantas Gold (LSE:GAL)
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TIDMGAL

RNS Number : 6449A

Galantas Gold Corporation

27 March 2017

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

March 27, 2017: Galantas Gold Corporation (the 'Company') , reports that it has awarded 4,900,000 incentive stock options on the Company's common shares to directors, officers , consultants and key employees, in accordance with the terms of the Company's incentive Stock Option Plan (2004). The exercise price for the options, which expire on March 25 2022, is $0.135 Canadian per share and the grant of these options was approved by the Board on March 25 2017. The options will vest as to one third on March 25 2017 and one third on each of the following two anniversaries. The majority (76.5%) of the share options in this issuance have been awarded to non-directors, mainly employees (existing or newly appointed) directly involved in operations at the wholly owned Omagh gold mine, now in engaged in underground development.

Number of options issued to directors and executives are noted below:

 
    Director         Present          Number         % of       Number    Exercise     Expiry       New        Total 
  or Executive        office        of Common       Class         of        price       date       options    options 
     Officer                          Shares         Held      existing       of         of        granted     held 
                                      Owned,          or        share      existing   existing               following 
                                   Beneficially   Controlled   options      share       share                  grant 
                                     Held or                               options     options 
                                    Controlled 
                                                                                        June 
     Ronald                                                                             1(st) 
    Alexander        Director        112,000        0.07%      100,000     $0.105       , 2020    100,000     200,000 
                  Non-Executive 
                     Chairman                                                           June 
     Lionel             and                                                             1(st) 
    J. Gunter        Director       3,393,088       1.99%      200,000     $0.105       , 2020    200,000     400,000 
                    President 
                        and 
                       Chief 
                     Executive 
                      Officer                                                           June 
     Roland             and                                                             1(st) 
     Phelps          Director       33,356,750      19.52%     500,000     $0.105       , 2020    500,000    1,000,000 
                                                                                        June 
     James                                                                              1(st) 
    B. Clancy        Director         36,846        0.02%      100,000     $0.105       , 2020    100,000     200,000 
                                                                                        June 
     James                                                                              1(st) 
    I. Golla         Director         20,000        0.01%      100,000     $0.105       , 2020    100,000     200,000 
                      Chief                                                             June 
      Leo            Financial                                                          1(st) 
  O'Shaughnessy       Officer        320,500        0.19%      200,000     $0.105       , 2020    200,000     400,000 
 

The total number of incentive stock options outstanding prior to this award was 3,700,000 with an exercise price of $0.105 Canadian per share resulting in the total number of incentive stock options now outstanding for the Company being 8,600,000.

As at March 3, 2017 Galantas Gold Corporation Issued and Outstanding Shares total 170,894,087.

This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.

The Incentive Stock Option award is subject to TSX Venture Exchange approval.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries : Galantas Gold Corporation

L. Jack Gunter P.Eng - Chairman, Roland Phelps C.Eng - President & CEO

Email: info@galantas.com Telephone: (UK) +44 (0) 2882 241100

Website: www.galantas.com

Grant Thornton UK LLP (Nomad)

Philip Secrett, Richard Tonthat: Telephone: +44(0)20 7383 5100

Whitman Howard Ltd (Broker & Corporate Adviser)

Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234

.......................................................................................................................................

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  -------------------------------------------------------------- 
 a)   Name:                               Ronald Alexander 
---  ----------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ----------------------------------  -------------------------- 
 a)   Position/status:                    Director 
---  ----------------------------------  -------------------------- 
 b)   Initial notification/Amendment:     Initial Notification 
---  ----------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance market 
       participant, auction platform, 
       auctioneer or auction 
       monitor 
---  ----------------------------------  -------------------------- 
 a)   Name:                               Galantas Gold Corporation 
---  ----------------------------------  -------------------------- 
 b)   LEI:                                LEI: 213800JKVPLLKO4KVB93 
---  ----------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type of instrument; 
       (ii) each type of transaction; 
       (iii) each date; and (iv) 
       each place where transactions 
       have been conducted 
---  ----------------------------------  -------------------------- 
 a)   Description of the financial        Common Shares of 
       instrument, type of instrument      nil par value 
       Identification Code 
                                           ISIN: CA36315W2022 
---  ----------------------------------  -------------------------- 
 b)   Nature of the transaction           Grant of options 
                                           to acquire shares 
---  ----------------------------------  -------------------------- 
 c)   Price(s) and volume                 CDN$0.135 100,000 
---  ----------------------------------  -------------------------- 
 d)   Aggregated information              100,000 options 
                                           to acquire shares 
                                           at CDN$0.135 per 
                                           share 
---  ----------------------------------  -------------------------- 
 e)   Date of the transaction             25(th) March 2017 
---  ----------------------------------  -------------------------- 
 f)   Place of the transaction            Outside a trading 
                                           venue 
---  ----------------------------------  -------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                             Lionel J. Gunter 
---  --------------------------------  -------------------------- 
 2.   Reason for the notification 
---  --------------------------------  -------------------------- 
 a)   Position/status:                  Non-Executive Chairman 
                                         and Director 
---  --------------------------------  -------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
---  --------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance 
       market participant, 
       auction platform, 
       auctioneer or auction 
       monitor 
---  --------------------------------  -------------------------- 
 a)   Name:                             Galantas Gold Corporation 
---  --------------------------------  -------------------------- 
 b)   LEI:                              LEI: 213800JKVPLLKO4KVB93 
---  --------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type 
       of instrument; (ii) 
       each type of transaction; 
       (iii) each date; 
       and (iv) each place 
       where transactions 
       have been conducted 
---  --------------------------------  -------------------------- 
 a)   Description of the                Common Shares of 
       financial instrument,             nil par value 
       type of instrument 
       Identification Code               ISIN: CA36315W2022 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction         Grant of options 
                                         to acquire shares 
---  --------------------------------  -------------------------- 
 c)   Price(s) and volume               CDN$0.135 200,000 
---  --------------------------------  -------------------------- 
 d)   Aggregated information            200,000 options 
                                         to acquire shares 
                                         at CDN$0.135 per 
                                         share 
---  --------------------------------  -------------------------- 
 e)   Date of the transaction           25(th) March 2017 
---  --------------------------------  -------------------------- 
 f)   Place of the transaction          Outside a trading 
                                         venue 
---  --------------------------------  -------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                             Roland Phelps 
---  --------------------------------  -------------------------- 
 2.   Reason for the notification 
---  --------------------------------  -------------------------- 
 a)   Position/status:                  President and Chief 
                                         Executive Officer 
                                         and Director 
---  --------------------------------  -------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
---  --------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance 
       market participant, 
       auction platform, 
       auctioneer or auction 
       monitor 
---  --------------------------------  -------------------------- 
 a)   Name:                             Galantas Gold Corporation 
---  --------------------------------  -------------------------- 
 b)   LEI:                              LEI: 213800JKVPLLKO4KVB93 
---  --------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type 
       of instrument; (ii) 
       each type of transaction; 
       (iii) each date; 
       and (iv) each place 
       where transactions 
       have been conducted 
---  --------------------------------  -------------------------- 
 a)   Description of the                Common Shares of 
       financial instrument,             nil par value 
       type of instrument 
       Identification Code               ISIN: CA36315W2022 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction         Grant of options 
                                         to acquire shares 
---  --------------------------------  -------------------------- 
 c)   Price(s) and volume               CDN$0.135 500,000 
---  --------------------------------  -------------------------- 
 d)   Aggregated information            500,000 options 
                                         to acquire shares 
                                         at CDN$0.135 per 
                                         share 
---  --------------------------------  -------------------------- 
 e)   Date of the transaction           25(th) March 2017 
---  --------------------------------  -------------------------- 
 f)   Place of the transaction          Outside a trading 
                                         venue 
---  --------------------------------  -------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                             James B. Clancy 
---  --------------------------------  -------------------------- 
 2.   Reason for the notification 
---  --------------------------------  -------------------------- 
 a)   Position/status:                  Director 
---  --------------------------------  -------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
---  --------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance 
       market participant, 
       auction platform, 
       auctioneer or auction 
       monitor 
---  --------------------------------  -------------------------- 
 a)   Name:                             Galantas Gold Corporation 
---  --------------------------------  -------------------------- 
 b)   LEI:                              LEI: 213800JKVPLLKO4KVB93 
---  --------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type 
       of instrument; (ii) 
       each type of transaction; 
       (iii) each date; 
       and (iv) each place 
       where transactions 
       have been conducted 
---  --------------------------------  -------------------------- 
 a)   Description of the                Common Shares of 
       financial instrument,             nil par value 
       type of instrument 
       Identification Code               ISIN: CA36315W2022 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction         Grant of options 
                                         to acquire shares 
---  --------------------------------  -------------------------- 
 c)   Price(s) and volume               CDN$0.135 100,000 
---  --------------------------------  -------------------------- 
 d)   Aggregated information            100,000 options 
                                         to acquire shares 
                                         at CDN$0.135 per 
                                         share 
---  --------------------------------  -------------------------- 
 e)   Date of the transaction           25(th) March 2017 
---  --------------------------------  -------------------------- 
 f)   Place of the transaction          Outside a trading 
                                         venue 
---  --------------------------------  -------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                             James I. Golla 
---  --------------------------------  -------------------------- 
 2.   Reason for the notification 
---  --------------------------------  -------------------------- 
 a)   Position/status:                  Director 
---  --------------------------------  -------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
---  --------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance 
       market participant, 
       auction platform, 
       auctioneer or auction 
       monitor 
---  --------------------------------  -------------------------- 
 a)   Name:                             Galantas Gold Corporation 
---  --------------------------------  -------------------------- 
 b)   LEI:                              LEI: 213800JKVPLLKO4KVB93 
---  --------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type 
       of instrument; (ii) 
       each type of transaction; 
       (iii) each date; 
       and (iv) each place 
       where transactions 
       have been conducted 
---  --------------------------------  -------------------------- 
 a)   Description of the                Common Shares of 
       financial instrument,             nil par value 
       type of instrument 
       Identification Code               ISIN: CA36315W2022 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction         Grant of options 
                                         to acquire shares 
---  --------------------------------  -------------------------- 
 c)   Price(s) and volume               CDN$0.135 100,000 
---  --------------------------------  -------------------------- 
 d)   Aggregated information            100,000 options 
                                         to acquire shares 
                                         at CDN$0.135 per 
                                         share 
---  --------------------------------  -------------------------- 
 e)   Date of the transaction           25(th) March 2017 
---  --------------------------------  -------------------------- 
 f)   Place of the transaction          Outside a trading 
                                         venue 
---  --------------------------------  -------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                             Leo O'Shaughnessy 
---  --------------------------------  -------------------------- 
 2.   Reason for the notification 
---  --------------------------------  -------------------------- 
 a)   Position/status:                  Chief Financial 
                                         Officer 
---  --------------------------------  -------------------------- 
 b)   Initial notification/Amendment:   Initial Notification 
---  --------------------------------  -------------------------- 
 3.   Details of the issuer, 
       emission allowance 
       market participant, 
       auction platform, 
       auctioneer or auction 
       monitor 
---  --------------------------------  -------------------------- 
 a)   Name:                             Galantas Gold Corporation 
---  --------------------------------  -------------------------- 
 b)   LEI:                              LEI: 213800JKVPLLKO4KVB93 
---  --------------------------------  -------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated 
       for (i) each type 
       of instrument; (ii) 
       each type of transaction; 
       (iii) each date; 
       and (iv) each place 
       where transactions 
       have been conducted 
---  --------------------------------  -------------------------- 
 a)   Description of the                Common Shares of 
       financial instrument,             nil par value 
       type of instrument 
       Identification Code               ISIN: CA36315W2022 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction         Grant of options 
                                         to acquire shares 
---  --------------------------------  -------------------------- 
 c)   Price(s) and volume               CDN$0.135 200,000 
---  --------------------------------  -------------------------- 
 d)   Aggregated information            200,000 options 
                                         to acquire shares 
                                         at CDN$0.135 per 
                                         share 
---  --------------------------------  -------------------------- 
 e)   Date of the transaction           25(th) March 2017 
---  --------------------------------  -------------------------- 
 f)   Place of the transaction          Outside a trading 
                                         venue 
---  --------------------------------  -------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 27, 2017 10:00 ET (14:00 GMT)

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