Galantas Gold Corporation
TSX VENTURE : GAL
AIM : GAL

Galantas Gold Corporation

October 13, 2015 02:00 ET

Galantas Gold Corporation: Potential Challenge to Planning Consent

TORONTO, ONTARIO--(Marketwired - Oct. 13, 2015) - Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) ("Galantas" or "the Company") has been made aware of what purports to be pre-action correspondence from an individual who intends to challenge, by judicial review, the actions of the Department of Environment Northern Ireland (DOENI) in granting planning permission for underground mining beneath the existing open pit.

Environment Minister, Mark H Durkan, announced approval of the underground extension on 11th June 2015, including strict environmental conditions. The approval was the result of detailed, independent environmental studies, which were the subject of intensive scrutiny by regulators and the public over a two year period.

Since the grant of permission, Galantas has been actively preparing for implementation of the consent, which is expected to create hundreds of jobs in the Omagh area and the Company has been inundated with local job applications.

Roland Phelps, President & CEO of Galantas Gold Corporation said, "I expect a judicial review, if brought to the High Court in Belfast, to support the planning approval as granted. The individual challenging the decision raised concerns during the planning process and I note that these concerns were carefully examined by DOENI Planning Service. The Company will be seeking additional information and will advise shareholders of material information if it arises."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Galantas Gold Corporation's Issued and Outstanding Shares total 107,297,155.

Contact Information

  • Enquiries : Galantas Gold Corporation
    L. Jack Gunter, P.Eng
    Chairman
    (UK) +44 (0) 2882 241100

    Galantas Gold Corporation
    Roland Phelps, C.Eng
    President & CEO
    (UK) +44 (0) 2882 241100
    info@galantas.com
    www.galantas.com

    Grant Thornton UK LLP (Nomad)
    Philip Secrett
    Richard Tonthat
    +44(0)20 7383 5100

    Whitman Howard Ltd (Broker & Corporate Adviser)
    Ranald McGregor-Smith
    Nick Lovering
    +44(0)20 7659 1234