Galantas Gold Corporation POTENTIAL EXTENSION OF JUDICIAL REVIEW HEARING (1411L)
September 29 2016 - 2:00AM
UK Regulatory
TIDMGAL
RNS Number : 1411L
Galantas Gold Corporation
29 September 2016
GALANTAS GOLD CORPORATION
TSXV - "GAL"
AIM - "GAL"
GALANTAS ADVISED OF A POTENTIAL EXTENSION OF JUDICIAL REVIEW
HEARING.
29(th) September 2016. Galantas Gold Corporation (the Company)
is, via a Northern Ireland subsidiary, a Notice Party to a Judicial
Review of its planning consent for an underground mine on its
property at Omagh, County Tyrone, Northern Ireland.
The Company has been notified of a likely extension of the time
required for the hearing of the Judicial Review beyond the current
27(th) -29(th) September 2016 listing dates. It is now considered
likely that, because more time may be required, the Court may look
to list a continuance for early December 2016.
The Company understands that the Applicant's evidence may be
heard by the end of the September listing dates. It is anticipated
that the planning authorities, who, as Respondent, are defending
the Judicial Review, are likely to have their defence heard at the
listing in December. Pre-hearing materials have been filed with the
Court and the Company stands ready to defend its planning
permission, alongside the planning authorities, in a potential
December listing.
Meanwhile, the Company, which holds a valid planning consent,
will look to continue preparation activities on the site.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws, including amongst others,
geological matters, development intentions and cash flow
expectations, for the Omagh Gold project. Forward-looking
statements are based on estimates and assumptions made by Galantas
in light of its experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors that Galantas believes are appropriate in the
circumstances. Many factors could cause Galantas' actual results,
the performance or achievements to differ materially from those
expressed or implied by the forward looking statements or strategy,
including: gold price volatility; discrepancies between actual and
estimated production, actual and estimated metallurgical recoveries
and throughputs; mining operational risk, geological uncertainties;
regulatory restrictions, including environmental regulatory
restrictions and liability; risks of sovereign involvement;
speculative nature of gold exploration; dilution; competition; loss
of or availability of key employees; additional funding
requirements; uncertainties regarding planning and other permitting
issues; and defective title to mineral claims or property. These
factors and others that could affect Galantas's forward-looking
statements are discussed in greater detail in the section entitled
"Risk Factors" in Galantas' Management Discussion & Analysis of
the financial statements of Galantas and elsewhere in documents
filed from time to time with the Canadian provincial securities
regulators and other regulatory authorities. These factors should
be considered carefully, and persons reviewing this press release
should not place undue reliance on forward-looking statements.
Galantas has no intention and undertakes no obligation to update or
revise any forward-looking statements in this press release, except
as required by law.
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.
Enquiries
Galantas Gold Corporation
Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President & CEO
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0) 2882 241100
Grant Thornton UK LLP (Nomad)
Philip Secrett, Richard Tonthat
Telephone: +44(0)20 7383 5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Ranald McGregor-Smith, Nick Lovering
Telephone: +44(0)20 7659 1234
This information is provided by RNS
The company news service from the London Stock Exchange
END
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