Award of Incentive Stock Options

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

 

GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

 

February 14, 2019:  Galantas Gold Corporation (the 'Company') , reports that it has awarded 3,200,000 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 (2004). The exercise price for the options, which expire on February 13, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on February 13, 2019. The options will vest as to one third on February 13, 2019 and one third on each of the following two anniversaries. The majority (65.6%) of the share options in this issuance have been awarded to non-directors, mainly employees (existing or newly appointed) directly involved in operations at the wholly owned Omagh gold mine, now engaged in underground development.

 

Number of options issued to directors and executives are noted below:

Director or Executive Officer

Present office

Number of Common Shares Owned, Beneficially Held or Controlled

% of Class Held or Controlled

Number of existing share options

Exercise price of existing share options

Expiry date of existing share options

New options granted

 

Total options held following grant

 

Ronald Alexander

Director

112,000

0.04%

100,000

100,000

$0.105

$0.135

June 1st, 2020

March 25, 2022

100,000

300,000

 

Lionel J. Gunter

 

Non-Executive Chairman and Director

 

3,393,088

 

1.13%

 

200,000

200,000

 

$0.105

$0.135

 

June 1st, 2020 March 25, 2022

 

 

200,000

 

600,000

 

Roland Phelps

 

President and Chief Executive Officer and Director

 

49,338,167

 

16.46%

 

500,000

500,000

 

$0.105

$0.135

 

June 1st, 2020 March 25, 2022

 

 

200,000

 

1,200,000

 

James B. Clancy

 

Director

 

36,846

 

0.01%

 

100,000

100,000

 

$0.105

$0.135

 

June 1st, 2020 March 25, 2022

 

 

100,000

 

300,000

 

James I. Golla

 

Director

 

20,000

 

0.01%

 

100,000

100,000

 

$0.105

$0.135

 

June 1st, 2020

March 25, 2022

 

100,000

 

300,000

 

Róisín Magee

 

Leo O'Shaughnessy

 

Director

 

Chief Financial Officer

 

500,000

 

320,500

 

0.17%

 

0.19%

 

0

 

200,000

200,000

 

-

 

$0.105

$0.135

 

-

 

June 1st, 2020

March 25, 2022

 

200,000

 

200,000

200,000

 

200,000

 

400,000

 

The total number of incentive stock options outstanding prior to this award was 8,850,000 which results in the total number of incentive stock options  now outstanding for the Company being 12,050,000.   

As at February 14, 2019 Galantas Gold Corporation Issued and Outstanding Shares total  299,686,805.

This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.

 

The Incentive Stock Option award is subject to TSX Venture Exchange approval.

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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries : Galantas Gold Corporation L. Jack Gunter P.Eng - Chairman,  Roland Phelps C.Eng - President & CEO

Email: info@galantas.com  Telephone: (UK) +44 (0) 2882 241100

Website: www.galantas.com 

 

Grant Thornton UK LLP (Nomad)

Philip Secrett, Richard Tonthat: Telephone: +44(0)20 7383 5100

 

Whitman Howard  Ltd (Broker & Corporate Adviser)

Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234

 

………………………………………………………………………………………………………………………

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ronald Alexander

2.     

Reason for the notification

 

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 100,000 shares

d)

Aggregated information

100,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Lionel J. Gunter

2.     

Reason for the notification

 

a)

Position/status:

Non-Executive Chairman and Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 200,000 shares

d)

Aggregated information

200,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Roland Phelps

2.     

Reason for the notification

 

a)

Position/status:

President and Chief Executive Officer and Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 200,000 shares

d)

Aggregated information

200,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

James B. Clancy

2.     

Reason for the notification

 

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 100,000 shares

d)

Aggregated information

100,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

James I. Golla

2.     

Reason for the notification

 

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 100,000 shares

d)

Aggregated information

100,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Leo O'Shaughnessy

2.     

Reason for the notification

 

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 200,000 shares

d)

Aggregated information

200,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Róisín Magee

 

2.     

Reason for the notification

 

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

Galantas Gold Corporation

b)

LEI:

LEI: 213800JKVPLLKO4KVB93

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of nil par value

 

 ISIN: CA36315W2022

b)

Nature of the transaction

Grant of options to acquire shares

c)

Price(s) and volume

CDN$0.09 200,000 shares

d)

Aggregated information

200,000 options at CDN$0.09 exercise price

e)

Date of the transaction

13th February 2019

f)

Place of the transaction

Outside a trading venue