Last checked at 28 Jun 2019 15:00
GALANTAS GOLD CORPORATION
TSXV & AIM : Symbol GAL
GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS
June 28, 2019: Galantas Gold Corporation (the 'Company') , reports that it has awarded 2,500,000 incentive stock options on the Company's common shares to directors 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 June 27, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on June 27, 2019. The options will vest as to one third on June 27, 2019 and one third on each of the following two anniversaries. The majority (80%) of the share options in this issuance have been awarded to non-directors, mainly newly appointed employees directly involved in operations at the wholly owned Omagh, Northern Ireland, gold mine, now in advanced underground development.
Number of options issued to directors and executives are noted below:
Director or Executive Officer | Present office | Number of Common Shares Owned, Beneficially Held or Controlled | % of Class Held or Controlled | Number of existing share options | Exercise price of existing share options | Expiry date of existing share options | New options granted
| Total options held following grant
|
Róisín Magee
David Cather |
Director
Director |
500,000
0 |
0.17%
0 |
200,000
0 |
$0.09
-
|
Feb 13,2024
- |
300,000
200,000
|
500,000
200,000 |
The total number of incentive stock options outstanding prior to this award was 11,916,667 which results in the total number of incentive stock options now outstanding for the Company being 14,416,667.
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 CorporationRoland 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
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DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | David Cather |
2. | Reason for the notification | |
a) | Position/status: | Non-Executive 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 instrument, type of instrument Identification Code | Common Shares of nil par value
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 | June 27, 2019 |
f) | Place of the transaction | Outside a trading venue |
DEALING NOTIFICATION FORMFOR 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: | Non-Executive Director & Chairperson |
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 instrument, type of instrument Identification Code | Common Shares of nil par value
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 | 300,000 options at CDN$0.09 exercise price |
e) | Date of the transaction | June 27, 2019 |
f) | Place of the transaction | Outside a trading venue |