Galantas shares suspended pending Omagh judgement
Galantas Gold has requested that its shares be suspending from trading on the Aim on Friday, pending an announcement of the results of an appeal against planning approval for the Omagh gold mine, in Northern Ireland.
The company said in a statement that, should the judgement be negative, there would be funding uncertainty and that its shares might remain suspended until further clarification.
The Court of Appeal will rule on an earlier decision that upheld the Department for Environment Northern Ireland (now Department for Infrastructure) grant of planning consent for an underground mine on the former openpit gold-mine site.
The Omagh gold mine has started limited production of gold concentrate from feed produced in development of the underground Kearney vein.
Galantas earlier this week announced a private placement of common shares to raise between £3.2-million and £4-million, or C$5.1-million and C$6.8-million. This should complete the equity element of funding required to achieve its 30 000 oz/y gold concentrate target.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















