24th December 2007 TSX Venture Exchange -"GAL" London Stock Exchange AIM: GAL
GALANTAS APPOINTS CFO, AWARDS INCENTIVE STOCK OPTIONS AND ARRANGES LOAN FOR ADDITIONAL MINING EQUIPMENT.
Galantas Gold Corporation (Galantas) has today appointed Brent Routledge (C.A) as Chief Financial Officer. Mr. Routledge (43) has 17 years experience as a Chartered Accountant and has held managerial / accounting positions with Canadian Tire and was Director of Finance at Proquest Company LLC. Mr.Routledge will be operating from the Omagh offices of Galantas in Northern Ireland. This is not an appointment to the Board of Directors of Galantas.
It is announced that Incentive Stock Options to acquire up to a total of 7.7m shares of Galantas at an exercise price of CDN$0.14, expiring on 24th December 2012 have been awarded to Directors, Officers and Senior Employees. Vesting arrangements are one third on award and one third on each of the two following anniversaries. These Stock Options are being granted pursuant to the Galantas Stock Option plan and in accordance with the policies of the TSX Venture Exchange.
Galantas has entered into a loan arrangement with G & F Phelps Ltd (a company controlled by a Director of Galantas) for the financing of additional mining equipment comprised of two Volvo 40D dump-trucks and a Volvo EC290BLC Excavator. The loan, of ??412,660 including VAT (GST) is repayable over 4.25yrs at an interest rate of 4.04% flat and is secured upon all equipment owned by Galantas???s wholly owned subsidiary Omagh Minerals Ltd.
Galantas Gold Corporation has 175,675,855 common shares issued and outstanding.
The TSX Venture Stock Exchange has not commented upon and accepts no responsibility for the content of this press release.
Enquiries
Galantas Gold Corporation Telephone: +44 (0) 2882 241100
Roland Phelps, President & CEO
Jack Gunter, Chairman
Email: info@galantas.com
Website: www.galantas.com
Blomfield Corporate Finance Ltd Telephone: +44 (0)20 75120191
Nick Harriss
Lewis Charles Securities Limited. Telephone: +44 (0)207 456 9100
Kealan Doyle
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Galantas Gold Corporation
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EXPLORATEUR |
CODE : GAL.V |
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CUSIP : 298773 |
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Galantas est une société développant des projet miniers d'or basée au Canada. Galantas détient divers projets d'exploration au Portugal et en Irlande. Ses principaux projets en exploration sont OMAGH - KEARNEY et OMAGH - OTHER DEPOSITS en Irlande et MONTEMOR au Portugal. Galantas est cotée au Canada, au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 20,5 millions CA$ (15,1 millions US$, 13,6 millions €). La valeur de son action a atteint son plus bas niveau récent le 03 avril 2020 à 0,01 CA$, et son plus haut niveau récent le 28 mai 2021 à 0,89 CA$. Galantas possède 170 890 000 actions en circulation. |