Galway Metals Announces Appointment of New Director, Update to Insider Purchases and Listing on The OTCQB Exchange
Galway Metals Announces Appointment of New Director, Update to Insider
Purchases and Listing on The OTCQB Exchange
Toronto, ON – August 26, 2021 – Galway Metals Inc. (TSXV: GWM, OTCQB: GAYMF) (“Galway Metals” or the
"Company"), is pleased to announce that Rafael Solis has agreed to join its Board of Directors (the “Board”) and will
serve as the Vice President of Finance . Mr. Solis brings to the Company extensive equity capital markets experience
accumulated over 20 years in the financial industry. The Company is also pleased to announce it has begun trading on
the OTCQB® Venture Market (“ OTCQB”), a U.S. trading platform operated by the OTC Markets Group in New
York, under the ticker symbol GAYMF.
Mr. Solis has worked in the equity capital markets business for over twenty years, primarily in the role of institutional
equity distribution. The vast majority of Mr. Solis’ career was spent in financial services in New York at Morgan
Stanley and Banco Santander where he participated in placing primary and secondary equity transactions ranging in
size from multibillion deals to small private placements in the US, Europe and Latin America. In recent years, Mr.
Solis embarked on a venture focused identifying and marketing alternative investment opportunities for high -net-
worth individuals and family offices. Over the span of his career, Mr. Solis has developed a vast global network of
contacts among institutional asset managers, high net worth investors and family offices. Mr. Solis earned his MBA
from the University of Chicago Booth School of Business and a BA in International Relations from University of
California, Davis.
“We are extremely pleased to have Rafael join the Galway team, given his complimentary skillset. Rafael was a seed
investor in the pre decessor company, Galway Resources, and over the years has been very supportive of our efforts
and in the process has accumulated a material share position in the company,” cites Robert Hinchcliffe, President and
CEO, “The Company is also excited to be trading on the OTCQB as it will provide additional liquidity and increase
its visibility in the U.S. capital markets.”
The Company would also like to announce the resignation of Rob White from the Board. The Board and management
would like to thank Mr. White for his contribution to the Company. His experience and advice have been very
important to the advancement of Galway Metals and we wish him the very best.
Insider Purchases
Robert Hinchcliffe, President, Chief Executive Officer and Director of the Company has acquired, through a series
of transactions conducted through the facilities of the TSX Venture Exchange, a total of 412,500 common shares
of the Company in 2021, including 182,500 just in Q3. As a result, Mr. Hinchcliffe now owns a total of 14,712,019
common shares of Galway, representing approximately 8.8% of the issued and outstanding shares of the Company.
Overall, since Galway’s shares began trading in 2013 , following its spin out to shareholders as a result of the $340
million sale of Galway Resources, Mr. Hinchcliffe has purchased 7.5 million shares in the open market, 4.7 million
shares via private placements and 1.3 million shares acquired through the exercise of warra nts and options. Total
equity purchases since the Company began trading back in 2013 has been 13.5 million shares.
Joe Cartafalsa, a director of Galway Metals , has acquired, through a series of transactions conducted through the
facilities of the TSX Venture Exchange, a total of 25,400 common shares of the Company this quarter and currently
owns a total of 2,020,288 shares. The securities held by Mr. Hinchcliffe and Mr. Cartafalsa are for investment purposes
and they may vary their holdings of securities as investment conditions warrant.
Listing on The OTCQB Exchange
The Company will continue to trade on the TSX Venture Exchange under its symbol “GWM”. The OTCQB listing is
part of the Company’s strategy to enhance its position in the public markets and increase its visibility to a wider range
of investors. The OTCQB is the premiere marketplace for developing and entrepreneurial U.S. and international
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companies. Companies must be current in their financial reporting and undergo an an nual verification and
management certification process, including meeting a minimum bid price and other financial conditions. The OTCQB
quality standard provide s a strong baseline of transparency as well as technology and regulation to improve the
information and trading experience for investors. With heightened compliance and quality standard, the OTCQB
provides investors improved visibility to enhance trading de cisions. Investors can find real -time quote and market
information for the Company at https://www.otcmarkets.com.
About Galway Metals Inc.
Galway Metals is well capitalized with two projects in Canada, Clarence Stream, an emerging gold district in New
Brunswick, and Estrades, the former producing, high -grade precious metals rich polymetallic VMS mine in Quebec.
The Company began trading on January 4, 2013, after the successful spinout to existing shareholders fr om Galway
Resources following the completion of the US$340 million sale of that company. With substantially the same
management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with
Galway Resources.
Should you have any questions and for further information, please contact (toll free):
Galway Metals Inc.
Robert Hinchcliffe
President & Chief Executive Officer
1-800-771-0680
Website: www.galwaymetalsinc.com
Email: [email protected]
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Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock
Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein.
This News Release includes certain "forward -looking statements" which are not comprised of historical facts. Forward -looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified
by such terms as “believes”, “anticipates”, “expects”, “es timates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -
looking statements are based on assumptions and address future events and conditions, by their very nature they involve inher ent
risks and uncertainties. Although these statements are base d on information currently available to the Company, the Company
provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is
not limited to, the Company’s objectives, goals or fut ure plans, information with respect to the OTCQB listing, DTC eligibility,
and broadening U.S. institutional and retail investors. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to changes in economic conditions or financial markets, political and competitive
developments, operation or exploration difficulties, changes in equity markets, changes in exchange rates, fluctuations in
commodity prices capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the
mineral exploration and development industry, an inability to predict and counteract the effects of COVID -19 on the business of
the Company, including but not limited to the effects of COVID -19 on the price of commodities, capital market conditions,
restrictions on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed
on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward -looking information
in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the da te of
this news release, and no assurance can be given t hat such events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.