TIDMGAL
RNS Number : 6449A
Galantas Gold Corporation
27 March 2017
GALANTAS GOLD CORPORATION
TSXV & AIM : Symbol GAL
GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS
March 27, 2017: Galantas Gold Corporation (the 'Company') ,
reports that it has awarded 4,900,000 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 March 25 2022, is $0.135 Canadian per
share and the grant of these options was approved by the Board on
March 25 2017. The options will vest as to one third on March 25
2017 and one third on each of the following two anniversaries. The
majority (76.5%) of the share options in this issuance have been
awarded to non-directors, mainly employees (existing or newly
appointed) directly involved in operations at the wholly owned
Omagh gold mine, now in engaged in underground development.
Number of options issued to directors and executives are noted
below:
Director Present Number % of Number Exercise Expiry New Total
or Executive office of Common Class of price date options options
Officer Shares Held existing of of granted held
Owned, or share existing existing following
Beneficially Controlled options share share grant
Held or options options
Controlled
June
Ronald 1(st)
Alexander Director 112,000 0.07% 100,000 $0.105 , 2020 100,000 200,000
Non-Executive
Chairman June
Lionel and 1(st)
J. Gunter Director 3,393,088 1.99% 200,000 $0.105 , 2020 200,000 400,000
President
and
Chief
Executive
Officer June
Roland and 1(st)
Phelps Director 33,356,750 19.52% 500,000 $0.105 , 2020 500,000 1,000,000
June
James 1(st)
B. Clancy Director 36,846 0.02% 100,000 $0.105 , 2020 100,000 200,000
June
James 1(st)
I. Golla Director 20,000 0.01% 100,000 $0.105 , 2020 100,000 200,000
Chief June
Leo Financial 1(st)
O'Shaughnessy Officer 320,500 0.19% 200,000 $0.105 , 2020 200,000 400,000
The total number of incentive stock options outstanding prior to
this award was 3,700,000 with an exercise price of $0.105 Canadian
per share resulting in the total number of incentive stock options
now outstanding for the Company being 8,600,000.
As at March 3, 2017 Galantas Gold Corporation Issued and
Outstanding Shares total 170,894,087.
This disclosure has been authorised by Roland Phelps (President
& CEO) Galantas Gold Corporation.
The Incentive Stock Option award is subject to TSX Venture
Exchange approval.
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.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries : Galantas Gold Corporation
L. Jack Gunter P.Eng - Chairman, Roland Phelps C.Eng - President
& CEO
Email: info@galantas.com Telephone: (UK) +44 (0) 2882 241100
Website: www.galantas.com
Grant Thornton UK LLP (Nomad)
Philip Secrett, Richard Tonthat: Telephone: +44(0)20 7383
5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234
.......................................................................................................................................
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- --------------------------------------------------------------
a) Name: Ronald Alexander
--- ---------------------------------- --------------------------
2. Reason for the notification
--- ---------------------------------- --------------------------
a) Position/status: Director
--- ---------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- ---------------------------------- --------------------------
3. Details of the issuer,
emission allowance market
participant, auction platform,
auctioneer or auction
monitor
--- ---------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- ---------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- ---------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
--- ---------------------------------- --------------------------
a) Description of the financial Common Shares of
instrument, type of instrument nil par value
Identification Code
ISIN: CA36315W2022
--- ---------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- ---------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 100,000
--- ---------------------------------- --------------------------
d) Aggregated information 100,000 options
to acquire shares
at CDN$0.135 per
share
--- ---------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- ---------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- ---------------------------------- --------------------------
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- ------------------------------------------------------------
a) Name: Lionel J. Gunter
--- -------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------- --------------------------
a) Position/status: Non-Executive Chairman
and Director
--- -------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- -------------------------------- --------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
--- -------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- -------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- -------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type
of instrument; (ii)
each type of transaction;
(iii) each date;
and (iv) each place
where transactions
have been conducted
--- -------------------------------- --------------------------
a) Description of the Common Shares of
financial instrument, nil par value
type of instrument
Identification Code ISIN: CA36315W2022
--- -------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- -------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 200,000
--- -------------------------------- --------------------------
d) Aggregated information 200,000 options
to acquire shares
at CDN$0.135 per
share
--- -------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- -------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- -------------------------------- --------------------------
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- ------------------------------------------------------------
a) Name: Roland Phelps
--- -------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------- --------------------------
a) Position/status: President and Chief
Executive Officer
and Director
--- -------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- -------------------------------- --------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
--- -------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- -------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- -------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type
of instrument; (ii)
each type of transaction;
(iii) each date;
and (iv) each place
where transactions
have been conducted
--- -------------------------------- --------------------------
a) Description of the Common Shares of
financial instrument, nil par value
type of instrument
Identification Code ISIN: CA36315W2022
--- -------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- -------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 500,000
--- -------------------------------- --------------------------
d) Aggregated information 500,000 options
to acquire shares
at CDN$0.135 per
share
--- -------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- -------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- -------------------------------- --------------------------
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- ------------------------------------------------------------
a) Name: James B. Clancy
--- -------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------- --------------------------
a) Position/status: Director
--- -------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- -------------------------------- --------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
--- -------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- -------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- -------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type
of instrument; (ii)
each type of transaction;
(iii) each date;
and (iv) each place
where transactions
have been conducted
--- -------------------------------- --------------------------
a) Description of the Common Shares of
financial instrument, nil par value
type of instrument
Identification Code ISIN: CA36315W2022
--- -------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- -------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 100,000
--- -------------------------------- --------------------------
d) Aggregated information 100,000 options
to acquire shares
at CDN$0.135 per
share
--- -------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- -------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- -------------------------------- --------------------------
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- ------------------------------------------------------------
a) Name: James I. Golla
--- -------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------- --------------------------
a) Position/status: Director
--- -------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- -------------------------------- --------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
--- -------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- -------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- -------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type
of instrument; (ii)
each type of transaction;
(iii) each date;
and (iv) each place
where transactions
have been conducted
--- -------------------------------- --------------------------
a) Description of the Common Shares of
financial instrument, nil par value
type of instrument
Identification Code ISIN: CA36315W2022
--- -------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- -------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 100,000
--- -------------------------------- --------------------------
d) Aggregated information 100,000 options
to acquire shares
at CDN$0.135 per
share
--- -------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- -------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- -------------------------------- --------------------------
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging
managerial responsibilities/person
closely associated
--- ------------------------------------------------------------
a) Name: Leo O'Shaughnessy
--- -------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------- --------------------------
a) Position/status: Chief Financial
Officer
--- -------------------------------- --------------------------
b) Initial notification/Amendment: Initial Notification
--- -------------------------------- --------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
--- -------------------------------- --------------------------
a) Name: Galantas Gold Corporation
--- -------------------------------- --------------------------
b) LEI: LEI: 213800JKVPLLKO4KVB93
--- -------------------------------- --------------------------
4. Details of the transaction(s):
section to be repeated
for (i) each type
of instrument; (ii)
each type of transaction;
(iii) each date;
and (iv) each place
where transactions
have been conducted
--- -------------------------------- --------------------------
a) Description of the Common Shares of
financial instrument, nil par value
type of instrument
Identification Code ISIN: CA36315W2022
--- -------------------------------- --------------------------
b) Nature of the transaction Grant of options
to acquire shares
--- -------------------------------- --------------------------
c) Price(s) and volume CDN$0.135 200,000
--- -------------------------------- --------------------------
d) Aggregated information 200,000 options
to acquire shares
at CDN$0.135 per
share
--- -------------------------------- --------------------------
e) Date of the transaction 25(th) March 2017
--- -------------------------------- --------------------------
f) Place of the transaction Outside a trading
venue
--- -------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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