Galantas GOLD Provides Update ON Non-Brokered Private Placement
GALANTAS GOLD PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT
Not for distribution to United States news wire services or for dissemination in the United States
DECEMBER 6 , 2023, TORONTO, CANADA – Galantas Gold Corporation (TSX -V & AIM: GAL;
OTCQX: GALKF) ("Galantas" or the "Company") announces that, further to its news release dated
November 9, 2023, the Company now expects its proposed non-brokered private placement of up to
US$3,000,000 aggregate principal amount of unsecured convertible debentures of the Company to
close during the week of December 11, 2023 (the "Offering").
The Offering remains subject to the acceptance of the TSX Venture Exchange. The securities issued
pursuant to the Offering will be subject to a four -month hold period under applicable Canadian
securities laws. For more information about the Offering, please refer to the Company's news release
dated November 9, 2023 entitled "Galantas Gold Announces up to US$3.0 Million Private Placement
of Unsecured Convertible Debentures" available on SEDAR+ ( www.sedarplus.ca) under the
Company's issuer profile.
The securities offered have not been, nor will they be, registered under the United States Securities
Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United
States absent registration or an exemption from such registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or sale would be unlawful.
About Galantas Gold Corporation
Galantas Gold Corporation is a Canadian public company that trades on the TSXV and the London
Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange
under the symbol GALKF. The Company's strategy is to create shareholder value by operating and
expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the
Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: [email protected]
Website: www.galantas.com
Telephone: +44(0)28 8224 1100
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, Enzo Aliaj
Telephone: +44(0)20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate Finance)
Grant Barker (Sales & Broking)
Telephone: +44(0)20 3470 0470
Forward-Looking Statements
This news 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, but not
limited to, the terms of the Offering, the timing and ability of the Company to receive necessary
regulatory approvals, including the acceptance of the TSX Venture Exchange for the Offering, and the
plans, operations and prospects of the Company. Forward-looking statements are based on estimates
and assumpti ons 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 a ctual 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' 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 fact ors should be considered
carefully, and persons reviewing this news 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 news release, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.