| Galantas Reports Award of Incentive Stock Options | |
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TORONTO, ONTARIO--(Marketwired - Jun 3, 2015) - Galantas Gold Corporation (the 'Company') (TSX VENTURE:GAL)(GAL.L) reports that it has awarded 3,550,000 incentive stock options on the Company's common shares to directors, officers, consultants 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 1, 2020 is $0.105 Canadian per share and the granting of these options were approved by the Board on June 1, 2015. These options will vest immediately.
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 |
|
|
|
|
|
|
|
|
|
|
|
Ronald
Alexander |
|
Director |
112,000 |
0.10% |
50,000 |
$0.50 |
|
Sept 6/16 |
100,000 |
150,000 |
|
|
|
|
|
|
|
|
|
|
|
Lionel J.
Gunter |
|
Non-Executive Chairman and Director |
3,393,088 |
3.90% |
100,000 |
$0.50 |
|
Sept 6/16 |
200,000 |
300,000 |
|
|
|
|
|
|
|
|
|
|
|
Roland
Phelps |
|
President and Chief Executive Officer and Director |
21,472,916 |
24.60% |
200,000 |
$0.50 |
|
Sept 6/16 |
500,000 |
700,000 |
|
|
|
|
|
|
|
|
|
|
|
James B.
Clancy |
|
Director |
36,846 |
0.04% |
50,000 |
$0.50 |
|
Sept 6/16 |
100,000 |
150,000 |
|
|
|
|
|
|
|
|
|
|
|
James I.
Golla |
|
Director |
20,000 |
0.02% |
50,000 |
$0.50 |
|
Sept 6/16 |
100,000 |
150,000 |
|
|
|
|
|
|
|
|
|
|
|
Leo
O'Shaughnessy |
|
Chief Financial Officer |
320,500 |
0.40% |
50,000 |
$0.50 |
|
Sept 6/16 |
200,000 |
250,000 |
The total number of incentive stock options outstanding prior to this award was 940,000 with an exercise price of $0.50 Canadian per share resulting in the total number of incentive stock options now outstanding for the Company being 4,490,000.
As at June 3, 2015 Galantas Gold Corporation Issued and Outstanding Shares total 87,297,155.
This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Galantas Gold Corporation
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EXPLORATION STAGE |
CODE : GAL.V |
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CUSIP : 298773 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Galantas is a gold development stage company based in Canada. Galantas holds various exploration projects in Ireland and in Portugal. Its main exploration properties are OMAGH - KEARNEY and OMAGH - OTHER DEPOSITS in Ireland and MONTEMOR in Portugal. Galantas is listed in Canada, in United Kingdom and in United States of America. Its market capitalisation is CA$ 37.6 millions as of today (US$ 27.3 millions, € 25.6 millions). Its stock quote reached its lowest recent point on April 03, 2020 at CA$ 0.01, and its highest recent level on May 28, 2021 at CA$ 0.89. Galantas has 170 890 000 shares outstanding. |