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Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate
Not for distribution to U.S. newswire services or dissemination in the United States TORONTO,...
About this update from Galantas Gold Corporation
[{"type":"text","content":"Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate\nNot for distribution to U.S. newswire services or dissemination in the United States TORONTO, Dec. 31, 2025 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) (“Galantas” or the “Company”) is pleased to announce that the Company has completed its previously announced acquisition (the “Transaction”) of all of the issued and outstanding shares of RDL Mining Corp. (“RDL”) in exchange for common shares of Galantas (“Galantas Shares”), pursuant to a share purchase agreement among Galantas and the former shareholders of RDL, being Lawrence Roulston, Robert Sedgemore and Dorian L. (Dusty) Nicol (collectively, the “RDL Shareholders”). In addition, Galantas announces that it has closed (i) its previously announced private placement (the “Brokered Offering”) of 186,250,000 units of the Company (each, a “Unit”) at a price of $0.08 per Unit (the “Offering Price”), for aggregate gross proceeds of $14,900,000, including the partial exercise of the over-allotment option of the Agents (as defined below), and (ii) a non-brokered private placement (the “Non-Brokered Offering”, and together with the Brokered Offering, the “Offerings”) of 7,812,500 Galantas Shares (each, a “Share”) to Ocean Partners UK Limited (“Ocean Partners”) to settle an outstanding debt owing by the Company to Ocean Partners of $625,000. The Non-Brokered Offering constitutes a “shares for debt” settlement under Policy 4.3 of the TSX Venture Exchange (the “TSXV”). The Brokered Offering was led by Canaccord Genuity Corp. and Haywood Securities Inc. (together, the “Agents”). The Agents acted as financial advisors in connection with the Non-Brokered Offering. The Company is also pleased to announce the completion of an updated independent mineral resource estimate contained in the technical report titled “Mineral Resource Estimate, Indiana Project, Atacama Region, Chile” with an effective date of December 9, 2025 (the “Technical Repo...