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Share Name Share Symbol Market Type Share ISIN Share Description
Galantas Gold Corporation LSE:GAL London Ordinary Share CA36315W2022 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.60p 4.50p 4.70p 4.60p 4.60p 4.60p 49,013 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.6 - 9.00

Galantas Gold Corporation GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

14/02/2019 7:01am

UK Regulatory (RNS & others)


Galantas Gold (LSE:GAL)
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TIDMGAL

RNS Number : 9596P

Galantas Gold Corporation

14 February 2019

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

February 14, 2019: Galantas Gold Corporation (the 'Company') , reports that it has awarded 3,200,000 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 February 13, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on February 13, 2019. The options will vest as to one third on February 13, 2019 and one third on each of the following two anniversaries. The majority (65.6%) 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 engaged in underground development.

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

 
       Director             Present        Number of        % of       Number     Exercise      Expiry         New        Total 
     or Executive            office          Common        Class         of        price        date of      options      options 
        Officer                              Shares         Held      existing       of        existing      granted       held 
                                             Owned,          or         share     existing       share                   following 
                                          Beneficially   Controlled    options     share        options                    grant 
                                            Held or                               options 
                                           Controlled 
        Ronald                                                                                June 1(st) 
       Alexander           Director         112,000        0.04%       100,000     $0.105       , 2020       100,000     300,000 
                                                                                                 March 
                                                                       100,000     $0.135       25, 2022 
 
                         Non-Executive                                                        June 1(st) 
                            Chairman                                                             , 2020 
        Lionel                 and                                                               March 
       J. Gunter            Director        3,393,088       1.13%      200,000     $0.105       25, 2022     200,000      600,000 
                                                                        200,000     $0.135 
 
                           President 
                               and 
                              Chief 
                            Executive                                                         June 1(st) 
                             Officer                                                             , 2020 
        Roland                 and                                                               March 
         Phelps             Director       49,338,167      16.46%      500,000     $0.105       25, 2022     200,000     1,200,000 
                                                                        500,000     $0.135 
 
                                                                                              June 1(st) 
                                                                                                 , 2020 
         James                                                                                   March 
       B. Clancy            Director         36,846         0.01%      100,000     $0.105       25, 2022     100,000      300,000 
                                                                        100,000     $0.135 
 
         James                                                                                June 1(st) 
        I. Golla            Director         20,000         0.01%      100,000     $0.105        , 2020      100,000      300,000 
                                                                                                 March 
                                                                        100,000     $0.135      25, 2022 
 
   Róisín 
         Magee              Director         500,000        0.17%         0           -            -         200,000      200,000 
 
                              Chief 
                            Financial                                                          June 1(st) 
   Leo O'Shaughnessy         Officer         320,500        0.19%       200,000     $0.105       , 2020       200,000     400,000 
                                                                                                 March 
                                                                        200,000     $0.135      25, 2022      200,000 
 

The total number of incentive stock options outstanding prior to this award was 8,850,000 which results in the total number of incentive stock options now outstanding for the Company being 12,050,000.

As at February 14, 2019 Galantas Gold Corporation Issued and Outstanding Shares total 299,686,805.

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 nil par 
       instrument, type of instrument          value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 100,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  100,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 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 financial            Common Shares of nil 
       instrument, type of instrument          par value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 200,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  200,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 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 financial           Common Shares of nil 
       instrument, type of instrument         par value 
       Identification Code 
                                              ISIN: CA36315W2022 
     -------------------------------------  -------------------------------- 
 b)   Nature of the transaction              Grant of options to acquire 
                                              shares 
     -------------------------------------  -------------------------------- 
 c)   Price(s) and volume                    CDN$0.09 200,000 shares 
     -------------------------------------  -------------------------------- 
 d)   Aggregated information                 200,000 options at CDN$0.09 
                                              exercise price 
     -------------------------------------  -------------------------------- 
 e)   Date of the transaction                13(th) February 2019 
     -------------------------------------  -------------------------------- 
 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 financial            Common Shares of nil 
       instrument, type of instrument          par value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 100,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  100,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 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 financial            Common Shares of nil 
       instrument, type of instrument          par value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 100,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  100,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 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 financial            Common Shares of nil 
       instrument, type of instrument          par value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 100,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  200,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 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:                                   Róisín Magee 
     --------------------------------------  ------------------------------- 
 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 nil 
       instrument, type of instrument          par value 
       Identification Code 
                                               ISIN: CA36315W2022 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Grant of options to acquire 
                                               shares 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume                     CDN$0.09 200,000 shares 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information                  200,000 options at CDN$0.09 
                                               exercise price 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 13(th) February 2019 
     --------------------------------------  ------------------------------- 
 f)   Place of the transaction                Outside a trading venue 
     --------------------------------------  ------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 14, 2019 02:01 ET (07:01 GMT)

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