Galantas Gold Corporation
TSX VENTURE : GAL
AIM : GAL

Galantas Gold Corporation

April 04, 2006 03:00 ET

Galantas Gold Corporation: Notification of Exercise of Warrants and Berlin Stock Exchange Listing

LONDON, ENGLAND and TORONTO, ONTARIO--(CCNMatthews - April 4, 2006) - Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) -

Mr. L. J. Gunter, Director and Executive Chairman, announces that on Friday, March 31, he exercised 663,077 warrants to purchase the same number of common shares of Galantas Gold Corporation. As a result, he now owns approximately 12.01% of the issued and outstanding common shares of Galantas on an undiluted basis. Additionally to Mr. Gunter's exercise, a further 463,600 warrants have been exercised. All the warrants were exercisable at 15 cents.

An application has been made to London's Alternative Investment Market (AIM) to admit to trading 1,126,677 new shares. The total number of shares in issue after the warrant exercise is 132,134,635.

Notification was received from the Berlin-Bremen Stock Exchange that the Company's shares are to be listed for trading on that exchange. The filing was made by a brokerage company called Berliner Freiverkehr (Aktien) AG and Galantas notes that trading took place on 31st March 2006.

Galantas 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