Galantas Gold Announces Closing of US$2.6 Million Private Placement of Unsecured Convertible Debentures and Terms of Debt Settlement Transaction
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TORONTO, Dec. 20, 2023 (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 non-brokered private placement, pursuant to which the Company sold US$2,627,000 aggregate principal amount of unsecured convertible debentures of the Company (the “Debentures”), in the principal amount of US$1,000 per Debenture (the “Offering”). The net proceeds of the Offering are expected to be used for exploration and development, working capital and for general corporate purposes.
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