All the Warrants .. Mandatory Takeover Offer.9 Jun '22
Are they anticipating a wave of publicity and the hoard arriving once gold flows once again this month..
These warrants expire in 2023 so someone is taking them all up a year early, good news indeed if they are first come first serve.
Also.. If all the warrants are being taken up by Eric Sprott, taking the new 20% of the total holding, then will this could lead to them having to make a mandatory takeover offer for the company if they'll own over 30%.
We'll also receive a healthy £4.5m which should see the mining expanded to good levels of intended ounces.
Now for the directors (Stifanio has already lead the way with his buy today) to take up their stock options.
https://www.lse.co.uk/rns/GAL/stock-options-td1s98abu1jo5a2.html
This is all good.
Cheers all and GL.