Galantas Gold Announces Closing of Debt Settlement Transaction
TORONTO, Feb. 05, 2024 (GLOBE NEWSWIRE) — Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the closing of its previously announced debt settlement transaction (the “Debt Settlement”), pursuant to which the Company settled US$2,711,000 of indebtedness owing to Ocean Partners UK Ltd., a creditor of the Company, through the issuance of US$2,711,000 aggregate principal amount of unsecured convertible debentures of the Company (the “Debentures”).
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