On December 31, 2025, Galantas Gold Corporation completed (i) a private placement of 186,250,000 units of the company at a price of $0.08 per unit, including the partial exercise of the over-allotment option of the agents, and (ii) a non-brokered private placement of 7,812,500 common shares to Ocean Partners UK Limited to settle an outstanding debt owing by the company to Ocean Partners of $625,000, for aggregate gross proceeds to the company of $15.525 million.
The brokered offering was led by Canaccord Genuity Corp. and Haywood Securities Inc. The agents acted as financial advisors in connection with the non-brokered offering.
Cassels acted for the agents.