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Galantas Gold Announces Acquisition of RDL Mining Corp. with Option to Develop Indiana Gold-Copper Project in Chile and Brokered Private Placement to Raise up to $7 million
Not for distribution to U.S. newswire services or dissemination in the United States TORO...
About this update from Galantas Gold Corporation
[{"type":"text","content":"Galantas Gold Announces Acquisition of RDL Mining Corp. with Option to Develop Indiana Gold-Copper Project in Chile and Brokered Private Placement to Raise up to $7 million\n\n\n\n\n\n Not for distribution to U.S. newswire services or dissemination in the United States\n \n\n\n\n TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) (“\n \n Galantas\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has entered into a share purchase agreement (the “\n \n Share Purchase Agreement\n \n ”), pursuant to which Galantas will acquire all of the issued and outstanding common shares of RDL Mining Corp. (“\n \n RDL\n \n ”) in exchange for common shares (“\n \n Galantas Shares\n \n ”) of Galantas (the “\n \n Transaction\n \n ”). The Transaction will create a combined company that intends to lead the advancement of the Indiana gold-copper project located in Chile (the “\n \n Indiana Project\n \n ”), over which RDL holds an option to acquire a 100% interest from Minería Activa SpA (“\n \n Activa\n \n ”) by meeting certain conditions (the “\n \n Option\n \n ”).\n \n\n Mario Stifano, CEO of Galantas, commented: “The Indiana Project represents a compelling dual‑path opportunity – with an operating mine and historical high‐grade gold-copper resources, this Transaction positions Galantas to fast‑track the project into production, while simultaneously unlocking significant exploration upside by drilling the numerous outcropping and untested veins on the property. The addition of seasoned mining veterans, Lawrence Roulston and Robert Sedgemore, to our board and leadership team, respectively, further strengthens our ability to execute on this vision and deliver meaningful growth for our shareholders. Robert, who has extensive mine building expertise, including experience at Escondida and Chuquicamata, will lead the Indiana Project, as the Company ramps up production and unlocks its significant exploration potential.”\n \n\n\n Details on the Indiana Project\n \n\n\n The Indiana Project is located 40 kilometres (km) from Copiapó at 1470 metres above sea level, in one of the world’s most prolific mining...