Galantas Gold Corporation
TSX VENTURE : GAL

Galantas Gold Corporation

April 11, 2006 11:00 ET

Galantas Gold Corporation: Notification of Exercise of Warrants and Application to List New Shares on AIM

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Galantas Gold Corporation, (TSX VENTURE:GAL) (AIM:GAL) a company with a gold mine in development in Northern Ireland, announces that, as a result of the exercise of warrants, an application has been made to London's Alternative Investment Market (AIM) to admit to trading 11,717,220 new shares. The total number of shares in issue after the warrant exercise is 143,851,855. These warrants, exercised at Canadian $0.15, comprised in number 5,867,220 due to expire on 4 April 2006 and 5,850,000 due to expire 14 April 2006. Following the exercise no warrants remain outstanding.

Since 31 December 2005, all of the 17,516,666 warrants outstanding as of the end of last year, have been exercised raising a total of Canadian $2,627,500.

The funds will be applied to working capital purposes and an exploration programme. The programme will continue the investigation of priority targets amongst more than 50 already identified.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas ™ Irish gold jewellery.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Galantas Gold Corporation
    Jack Gunter P.Eng
    Executive Chairman
    +44(0)28 8224 1100
    or
    Galantas Gold Corporation
    Roland Phelps C.Eng
    President & CEO
    +44(0)28 8224 1100
    or
    Galantas Gold Corporation
    Moe Lavigne P.Geo
    Vice President
    +44(0)28 8224 1100
    info@galantas.com
    www.galantas.com
    or
    Bishopsgate Communications Ltd.
    Nick Rome
    +44 (0) 207 430 1600
    or
    Bishopsgate Communications Ltd.
    Dominic Barretto
    +44 (0) 207 430 1600
    or
    ARM Corporate Finance Limited
    Nick Harriss
    +44 (0) 20 7512 0191