Galantas Gold Corporation, (the Company) a gold mine producer and explorer in Northern Ireland, reports that it has awarded 4,200,000 incentive stock options on the Company’s common shares to Directors, officers , consultants and key employees, in accordance with the terms of the Company’s incentive Stock Option Plan. The exercise price for the options, which expire on September 6th, 2016 is 10 cents Canadian per share. These options will vest as to one third immediately, one third on September 6th , 2012 and the remaining third on September 6th , 2013.
The individual awards to Directors are :-
|Roland Phelps||Director, President and CEO||1,000,000 options|
|Jack Gunter||Director and Chairman||500,000 options|
|James Golla||Director||250,000 options|
|James Clancy||Director||250,000 options|
|Ronald Alexander||Director||250,000 options|
|Norman Brewster||Director||250,000 options|
The total number of incentive stock options awarded under the scheme to Directors, officers, consultants and key employees stand at 15,750,000, with exercise prices of between 10 cents and 23 cents Canadian per share.
This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.
Galantas Gold Corporation Issued and Outstanding Shares total 235,650,055
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.