Galantas Gold Share Discussion Threads

[rambutan2] 08/7/2015 02:21

But currently DALR mkt cap circa £76m, while GAL is circa £6m and has a much more advanced project. So can see why DALR would like GAL, but not vice versa. Perhaps RB just spreading his bets...

[doobydave] 07/7/2015 23:06

...and RB may have exactly that in mind. I wonder who sought whom out (i.e. did Roland or Ross make the running).

[andy] 07/7/2015 09:32

Bagoe,

I have always said the two should get together.

[nat hart] 07/7/2015 08:10

Sorry BAGEO I meant to say.

[nat hart] 07/7/2015 08:08

Bagel..... Exactly my thoughts. Good news IMO. Well done again Roland. 😉

[bageo] 06/7/2015 20:44

Impressive to get Ross Beaty involved! This should help get the company noticed by a wider audience.

He also has a holding in Dalradian who will need a plant to process their test ore - there could be opportunities.

[andy] 06/7/2015 17:28

Rambutan2,

"interesting" is an understatement, IMHO!

I see this as hugely positive for GAL, RB is some catch as a significant shareholder!

Well done Roland!

[rambutan2] 06/7/2015 15:09

Interesting...

Date : 6(th) July 2015. Galantas Gold Corporation ("Galantas" or the "Company"), the AIM and TSXV quoted gold miner and explorer, is pleased to announce a proposed investment of C$2,400,000 into Galantas by means of a non-brokered private placement (the "Placement").

The Placement will comprise the issue of 20 million units, each unit will comprise of one common share and one share purchase warrant (the "Units"). Each warrant shall be exercisable into one common share of the Company for a period of 12 months from closing at an exercise price of C$0.16. A four month hold period from closing will apply.

The majority of the Placement will be taken up by Mr. Ross Beaty who will acquire 16,000,000 Units resulting in an interest before the exercise of warrants of 14.9% of Galantas issued and outstanding shares.

The Placement shares will rank parri passu with the existing issued shares.

Closing of the Placement is subject to the receipt of all required documentation, regulatory and shareholder approvals, including approval of the TSX Venture Exchange. The Company intends to apply for the admission of the common shares issuable in connection with the Private Placement on the AIM market of the London Stock Exchange as soon as practicable.

Roland Phelps, President & CEO Galantas Gold Corporation said, "Ross Beaty has an exceptional and profitable track record of investment in mining companies. I am delighted that he has shown confidence in the Galantas Omagh gold project and will join our shareholder base."

The Company intends to use the net proceeds of the Placement for exploration, for initiating development of the underground Omagh gold-mine and for working capital purposes. The Omagh gold-mine, situated in County Tyrone, Northern Ireland was until recently worked by open-pit methods and received planning consent for underground mining on 11(th) June 2015.

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.

Galantas Gold Corporation's Issued and Outstanding Shares currently total 87,297,155.

[sunshine57] 22/6/2015 16:24

RNS Number : 8212Q

Galantas Gold Corporation

22 June 2015

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS RECEIVES ENCOURAGING EXPLORATION RESULTS ON REPUBLIC OF IRELAND LICENCES

June 22nd, 2015: Galantas Gold Corporation (the 'Company' or "Galantas") is pleased to announce encouraging results on its new licence areas in the Republic of Ireland (ROI).

This ROI licence block lies approximately 33kms from the Galantas Omagh Gold-Mine, which has just received planning permission to extend underground.

The latest fieldwork targeted areas within ROI licence numbers 4034, 3135 and 3234. The targets were selected with consideration of the structural geology in conjunction with a review of the EU funded Tellus Border geochemical and geophysical datasets. Thirty samples were collected in total, thirteen of which yielded notable results. Most interesting were sediments collected from first order and second order streams which drained an upland area situated close to a distinct magnetic anomaly. These showed gold grades of 1.6, 1.9 and 2.5 parts per million (ppm) (g/t).

Other samples showed anomalous results for Copper (191.5 ppm), Nickel (158.5 ppm), Zinc (175 & 257 ppm) and Lead (480 ppm).

Follow up work is being planned.

The samples were taken by geological staff under the supervision of R. Phelps C.Eng MIMMM, (President & CEO, Galantas Gold Corporation), the Qualified Person (QP) for the program under NI 43-101 and who is also a "Qualified Person" as defined in the Note for Mining Oil & Gas Companies, June 2009, of the London Stock Exchange. Sampling methodology, security and verification followed standard procedures (April 2006) with standards, blanks and duplicates added at a frequency of 1 for every 20. The samples were analysed (gold by fire assay and ICP-AES on 50g samples; other metals by ICP-MS and ICP-AES) at ALS Geochemistry Laboratories of Galway, Ireland, and were considered compliant with all requirements of International Standards ISO 17025:2005. All the samples were grab samples, in one case removed from outcrop (bedrock) and the remainder as un-panned stream sediments as indicative prospecting information prior to a more detailed program of evaluation. An illustrative map will be posted on website www.galantas.com .

This disclosure has been reviewed by Roland Phelps C.Eng MIMMM (President & CEO, Galantas Gold Corporation) who as QP, has prepared,and approved the scientific and technical content in the news release.

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.

Galantas Gold Corporation Issued and Outstanding Shares total 87,297,155.

Galantas Gold Corporation

Jack Gunter P.Eng - Chairman

Roland Phelps C.Eng - President & CEO

Email: [e-mail]

Website: www.galantas.com

Telephone: [phone]

Grant Thornton UK LLP (Nomad)

Philip Secrett

Richard Tonthat

Telephone: [phone]

Whitman Howard Ltd (Broker & Corporate Adviser)

Neil Pidgeon

Nick Lovering

Telephone: [phone]

An illustrative map of the relationship of magnetic anomalies, fault, streams and sample locations. Geological uncertainty should be assumed. ROI licence areas 4034, 3135 & 3234. 22/06/2015



This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAEKAALLSEFF

[the count] 17/6/2015 11:30

--->ALL

For any who subscribe to Share Prophets.

Zak Mir, a chartist, also has a price target of 15p.



Regards,

THE COUNT!

[bageo] 16/6/2015 21:00

Whitman Howard (Broker/Corporate Adviser) have initiated coverage of Gal with a buy and 15p target.

[bageo] 14/6/2015 11:58

SMALL CAP MOVERS: Green hills spell gold for Galantas as permission given for underground mine near Omagh

[nat hart] 12/6/2015 16:34

7th richest gold seam in the world according to Dalradian. All beginning sound very exciting imo.

[nat hart] 12/6/2015 16:08

Mineng thanks for that. I don,t see how I missed that but good volume in Canada with 350k on matched trades at 14c.

[rambutan2] 12/6/2015 10:08

I spose the question is, how much of the £10m can be raised from debt, as the share price isn't in a good place to raise equity ie 50m shares (approx 50% dilution) at somewhere between 5 and 7.5p? only brings in £2.5-£3.5m.

[nat hart] 12/6/2015 08:54

See they got excited in Canada on the news. Not a single share traded by the look of it. LOL

[bageo] 11/6/2015 16:29

Well done to Roland and the team and fellow shareholders.

[nat hart] 11/6/2015 16:08

Nice interview with Roland. Well worth watching. Production in 6 months following funding. Infrastructure already in place. All sounds good imo. Gla long term holders.

[ftseproactive] 11/6/2015 15:13

Roland speaks to Proactive after planning permit news

[nat hart] 11/6/2015 14:58

Yes. Congratulations Roland. As you say a game changer. For the NI economy in general and the local economy of Omagh creating hundreds of new jobs. But how and why has it taken so long. Wouldn't Be surprised if someone with a fat cheque book turned up now. Roll up roll up the only gold mine in Britain and with all the necessary planning consents. Tick Tock aimo nai dyor
Good luck to all the very patient long term holders.