GALKF Overview

Private Placement Increase: Galantas Gold Corporation has increased its private placement offering to raise up to C$13.5 million, consisting of 168,750,000 units priced at C$0.08 each, with an additional over-allotment option of C$2,025,000 for further units.

Acquisition of RDL Mining: The company is progressing with the acquisition of RDL Mining Corp., where RDL shareholders will receive approximately 132 million common shares, representing 49.99% of the company post-transaction, along with a net smelter returns royalty related to the Indiana Project.

Use of Proceeds: The net proceeds from the offering will be allocated to exploration work on the Indiana Project, option payments, and general corporate purposes, with completion expected around December 10, 2025, pending regulatory approvals.

Trading Halt: Trading of Galantas shares is currently halted in accordance with TSXV policy, and the company emphasizes that the securities offered have not been registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemptions.

Transaction Overview: Galantas Gold Corporation has entered into a share purchase agreement to acquire RDL Mining Corp., which will enhance its position in advancing the Indiana gold-copper project in Chile, leveraging RDL's option to acquire a 100% interest in the project.

Indiana Project Details: The Indiana Project, located in a prolific mining district, includes an operating mine with significant historical resources and exploration potential, supported by previous drilling and geological studies.

Management and Board Changes: Following the transaction, seasoned mining professionals Lawrence Roulston and Robert Sedgemore will join Galantas's leadership team, enhancing the company's operational capabilities and strategic direction.

Concurrent Financing Plans: Galantas plans to raise up to $7 million through a private placement to fund exploration and development activities at the Indiana Project, with completion expected around December 4, 2025, subject to regulatory approvals.

Joint Venture Announcement: Galantas Gold Corporation has finalized a joint venture with Ocean Partners UK Limited to develop the high-grade Omagh Gold Project in Northern Ireland, with Ocean Partners acquiring an 80% interest in the project through the exchange of existing loans.

Financial Developments: The company has strengthened its financial position by reducing legacy debt and converting a portion of debt into equity, resulting in Melquart holding approximately 35.4% of Galantas' issued share capital after the conversion of debt into common shares.

Exploration Plans: The joint venture will initiate a new drill program targeting high-grade zones at the Omagh Project, with an initial capital investment of US$3 million allocated for exploration and planning.

Shareholder Agreement and Rights: A shareholders' agreement has been established, appointing Ocean Partners as the operator of the Omagh Project, while Galantas retains rights to convert its equity interest into a Net Smelter Return royalty during the initial term of the joint venture.