Galantas Gold Completes $100 Million Private Placement

Galantas Gold Corporation has finalized a private placement of 181,819,000 units, raising approximately $100 million at a unit price of $0.55. The offering included a full exercise of the Agents' Option, handled by Canaccord Genuity Corp. Each unit contains one common share and one-half a share purchase warrant, with each whole warrant allowing the purchase of a share at $0.80 over 24 months.

The proceeds will fund exploration and development of the Indiana and Andacollo Projects in Chile, pending acquisition approval. Key investors include Eric Sprott, Ocean Partners, and Melquart. The arrangement involved related party transactions with certain insiders.

Post-transaction, the company's total shares issued stand at 734,628,488. Galantas aims to leverage this funding to achieve production goals by early 2027.