Galantas Gold TSXV:GAL Stock Report

Galantas Gold Corporation announced that it expects to receive CAD 4.000001 million in funding

Galantas Gold Corporation Announces Results for Three Holes from Its Ongoing 4,000-Metre Drilling Program At the Omagh Project in Northern Ireland

Galantas Gold Corporation announced results for three holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. Drilling highlights: Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney Vein and intersected 31.8 grams per tonne (g/t) gold (Au) and 39.2 g/t silver (Ag) over 4.4 metres, including 69.6 g/t Au and 86.6 g/t Ag over 1.4 metres. Other intersections within this same hole include 10.4 g/t Au and 29.4 g/t Ag over 3.3 metres, and 6.7 g/t Au and 6.8 g/t Ag over 1.2 metres on the ‘B-lens’. Hole FR-DD-22-UG-182 targeted the main Kearney Vein and intersected 8.9 g/t Au and 36.4 g/t Ag over 2.1 metres approximately 25 metres south of the previously reported FR-DD-22-UG-181 intersection of 31.7 g/t Au and 58.5 g/t Ag over 7 metres.

Galantas Gold Corporation announced that it has received $0.53 million in funding

On August 3, 2022, Galantas Gold Corporation closed the transaction. The company disclosed the loan will mature on January 31, 2023. The warrants will be exercisable for a period of 12 months at an exercise price of CAD 0.48 ($0.373). The bonus warrants are subject to a hold period under applicable securities laws and the rules of the TSX Venture Exchange, expiring on July 25, 2023. In connection with the Loan Agreement, company will also pay to the investor a structuring fee of $10,000 to be deducted from the initial proceeds of the Loan, and a consulting fee of $20,000 that will be invoiced separately by investor.