Galantas Gold closes second part of private placement
Shares in Galantas Gold are up more than 1% as it said the the second part of the private placement has closed.
FTSE AIM All-Share
739.08
13:10 07/10/24
n/a
n/a
Galantas Gold Corp.
6.42p
12:14 07/10/24
-3.14%
-0.21p
Mining
11,011.83
13:04 07/10/24
-4.42%
-509.40
Melquart Ltd subscribed for 5.72m shares and was the only subscriber in the second closing of the placing. The purchase took Melquart's stake to 13% of Galantas' issued capital.
The gold producer and explorer with a 100% interest in Northern Ireland's Omagh gold mine said a four-month hold period would apply, expiring on 3 July.
At 10:37 GMT, shares in AIM-quoted Galantas were up 1.4% to 7.22p each.