Galantas Gold Corp - Northern Ireland-focused gold producer - Intends to raise up to CAD4 million, around USD3.1 million, through a private placement of 8.9 million units at a price of 45 Canadian cents.
Each unit comprised one share and one-half of a share purchase warrant. Each warrant entitles the holder to purchase one share at a price of 55 cents per share.
Proceeds from the placing will go towards funding exploration and development at the Joshua Target in Northern Ireland, as well as working capital purposes.
Current stock price: 29.30 pence
12-month change: down 21%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Galantas Gold (GAL)