Aim- and TSX-V quoted Galantas Gold on Tuesday announced a private placement of common shares to raise up to £1-million, or C$1.6-million, to fund optimisation efforts at the Omagh gold mine, in Northern Ireland.
The private placement is expected to include funds raised in UK and Canadian currency and is for a maximum of 23 529 412 shares, at an issue price of £0.0425, or C$0.068 a share.