Galantas Gold to embark on $85m private placement
Aim-listed Galantas Gold Corporation is seeking to raise up to $85-million, through a brokered private placement of up to 154.55-million units of Galantas at $0.55 a piece, to fund exploration and development work on the Indiana gold and copper project and the Andacollo gold project, in Chile, and for general corporate and working capital purposes.
Canaccord Genuity Corp will act as sole bookrunner and lead agent in connection with the offering.
Each unit will be comprised of one common share of the company and one-half of one Galantas share purchase warrant and each whole warrant will entitle the holder thereof to buy one Galantas share for $0.80 for a period of 24 months from the closing date of the financing.
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