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Galantas Gold ( (TSE:GAL) ) has provided an update.
Galantas Gold Corporation has clarified that its chief executive, Mario Stifano, and officer, George Duguay, participated in the recently closed C$14.9 million private placement, subscribing for 400,000 and 500,000 units respectively at C$0.08 per unit, each unit comprising one common share and a warrant exercisable at C$0.12 for three years. The company acknowledged that Stifano’s subscription should have been treated and disclosed as a related-party transaction under AIM rules at the time, and confirmed that its board, excluding Stifano and after consulting its nominated adviser, considers the terms fair and reasonable for shareholders; it also corrected historic disclosures on Stifano’s past trades and reported that, following these transactions and corrections, he now holds 641,278 shares, or about 0.14% of the company’s issued share capital.
More about Galantas Gold
Galantas Gold Corporation is a publicly traded precious metals company focused on acquiring, developing and advancing gold assets in stable mining jurisdictions. The company is currently advancing the Indiana Gold-Copper Project in Chile, an advanced-stage asset with a substantial historical resource base, where a Preliminary Economic Assessment is in progress and a drill program is planned to start in the first quarter of 2026, subject to permitting, financing and regulatory approvals. Galantas aims to build long-term shareholder value through disciplined capital allocation, rigorous project evaluation and responsible development of high-quality mineral assets.
For a thorough assessment of GAL stock, go to TipRanks’ Stock Analysis page.