Galantas Gold Corporation GALANTAS ANNOUNCES CONVERSION OF DEBENTURE
RNS Number : 4311J
Galantas Gold Corporation
21 December 2020
GALANTAS GOLD CORPORATION
TSXV and AIM Stock Symbol - "GAL"
GALANTAS ANNOUNCES CONVERSION OF CONVERTIBLE DEBENTURE
Date : December 21, 2020. Galantas Gold Corporation (the
"Company"), the Northern Ireland gold producer and explorer, with a
100% interest in Northern Ireland's Omagh gold mine, is pleased to
announce that a convertible debenture, as detailed in releases
dated December 16 and 23, 2019 (the "Debenture") and approved by
the TSX Venture Exchange, has been converted into common shares of
the Company, by the holder, Melquart Limited. The debenture carried
a 15% coupon and was exercisable at a 25% discount to the market
The capital and interest accruing on the Debenture totals
GBPGBP1,150,000 ( CAN$ 1,968,386 ).
As governed by the Debenture, 11,410,933 common shares of no par
value ("Common Shares") have been issued at a price of
Following the issuance, Melquart Limited will hold 20,673,528
common shares, representing 45.1% of the issued share capital of
the Company and the Debenture is satisfied in full.
The Company has applied for admission of the Common Shares in
connection with the Debenture to trading on the AIM market of the
London Stock Exchange ("Admission") with Admission expected to
occur on or around December 30, 2020.
The total number of Common Shares of the Company following
issuance is 46,565,537.
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.
Information communicated within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Galantas Gold Corporation
Roland Phelps C.Eng - President & CEO
Email: email@example.com Website: www.galantas.com Telephone:
+44 (0) 2882 241100
Grant Thornton UK LLP (Nomad)
Philip Secrett, Harrison Clarke:
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Nick Lovering, Hugh Rich:
Telephone: +44(0)20 7659 1234
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(END) Dow Jones Newswires
December 21, 2020 12:30 ET (17:30 GMT)