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Galantas Gold ( (TSE:GAL) ) has issued an announcement.
Galantas Gold Corporation has strengthened its equity base through the recent conversion of US$10,000 in convertible debentures into more than 39,215 ordinary shares at US$0.255, alongside the exercise of 44,147,000 warrants at C$0.12 and 175,001 compensation warrants at C$0.08. Major investor Ocean Partners Holdings increased its stake to about 15.5% of the company’s enlarged share capital, with a total of 44,361,216 new shares to be admitted to trading on AIM, bringing Galantas’ issued share capital to 550,036,988 ordinary shares and modestly diluting existing shareholders while reinforcing market support for its Chile-focused growth strategy.
More about Galantas Gold
Galantas Gold Corporation is a publicly traded gold company focused on acquiring, developing and advancing gold assets in stable mining jurisdictions. The company is currently advancing the Indiana Project in Chile toward production, aiming to build long-term shareholder value through disciplined capital allocation, rigorous project evaluation and responsible development of high-quality mineral assets.
For an in-depth examination of GAL stock, go to TipRanks’ Overview page.