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Galantas Gold Announces $85 Million Private Placement
Canaccord Genuity will lead the financing as Galantas seeks funds for project development and an acquisition plan, with insiders expected to join the deal.
- On Sunday, May 10, 2026, Galantas Gold Corporation announced plans to raise up to $85 million through a brokered private placement of up to 154,546,000 units at $0.55 per unit.
- Canaccord Genuity Corp. will act as the sole bookrunner and lead agent, securing an option to sell up to 27,273,000 additional units for up to $15 million in gross proceeds.
- Each unit comprises one common share and one-half of one warrant exercisable at $0.80 for 24 months, subject to a statutory hold period of four months and one day.
- Galantas intends to use net proceeds for exploration and development at the Indiana Gold and Copper Project and the Andacollo Gold Project in Chile.
- Closing of the offering is expected to occur on May 28, 2026, pending necessary approvals from the TSX Venture Exchange and satisfaction of customary closing conditions.
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Galantas Gold Announces $85 Million Private Placement - Galantas Gold (OTC:GALKF)
Not for distribution to U.S. newswire services or dissemination in the United States TORONTO, May 10, 2026 (GLOBE NEWSWIRE) -- Galantas Gold Corporation ((TSX-V &, AIM: GAL, OTCQB:GALKF) ("Galantas" or the "Company") is pleased to announce that it intends to raise up to $85 million (the "Offering") pursuant to a brokered private placement of up to 154,546,000 units of Galantas (each, a "Unit"), on a "best efforts" agency basis, at a price of $0.…
·New York, United States
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Total News Sources10
Leaning Left4Leaning Right3Center2Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 22%
R 33%
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