Galantas Reports Award of Incentive Stock Options
GALANTAS GOLD CORPORATION TSXV & AIM : Symbol GAL
GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS
June 3rd, 2015: Galantas Gold Corporation (the ‘Company’) , 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:
Number of Total Exercise Expiry Common Number of New options Director or % of Class price of date of Shares Owned, existing options held Executive Present office Held or existing existing Beneficially share granted following Officer Controlled share share Held or options grant options options Controlled
Ronald Director 112,000 0.10% 50,000 $0.50 Sept 6/16 100,000 150,000 Alexander Lionel J. Gunter Non-Executive 3,393,088 3.90% 100,000 $0.50 Sept 6/16 200,000 300,000 Chairman and Director Roland Phelps President and 21,472,916 24.60% 200,000 $0.50 Sept 6/16 500,000 700,000 Chief Executive Officer and Director
| James B. Clancy | Director | 36,846 | 0.04% | 50,000 | $0.50 | Sept6/16 | 100,000 | 150,000 |
| James I. Golla | Director | 20,000 | 0.02% | 50,000 | $0.50 | Sept6/16 | 100,000 | 150,000 |
| Leo | Chief Financial | 320,500 | 0.40% | 50,000 | $0.50 | Sept6/16 | 200,000 | 250,000 |
O'Shaughnessy Officer
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.
Enquiries
Galantas Gold Corporation Jack Gunter P.Eng – Chairman Roland Phelps C.Eng – President & CEO Email: [email protected] 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) Neil Pidgeon Nick Lovering Telephone: +44(0)20 7659 1234