Galantas Gold Corporation

Galantas Gold Corporation

September 09, 2011 10:00 ET

Galantas Reports Award of Incentive Stock Options

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2011) - Galantas Gold Corporation (the Company) (TSX VENTURE:GAL)(AIM:GAL), a gold mine producer and explorer in Northern Ireland, reports that it has awarded 4,200,000 incentive stock options on the Company's common shares to Directors, officers, consultants and key employees, in accordance with the terms of the Company's incentive Stock Option Plan. The exercise price for the options, which expire on September 6th, 2016 is 10 cents Canadian per share. These options will vest as to one third immediately, one third on September 6th, 2012 and the remaining third on September 6th, 2013.

The individual awards to Directors are:-

Roland Phelps Director, President and CEO 1,000,000 options
Jack Gunter Director and Chairman 500,000 options
James Golla Director 250,000 options
James Clancy Director 250,000 options
Ronald Alexander Director 250,000 options
Norman Brewster Director 250,000 options

The total number of incentive stock options awarded under the scheme to Directors, officers, consultants and key employees stand at 15,750,000, with exercise prices of between 10 cents and 23 cents Canadian per share.

This disclosure has been authorised by Roland Phelps (President & CEO) Galantas Gold Corporation.

Galantas Gold Corporation Issued and Outstanding Shares total 235,650,055.

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.

Contact Information

  • Galantas Gold Corporation
    Jack Gunter P.Eng
    +44 (0) 2882 241100

    Galantas Gold Corporation
    Roland Phelps C.Eng
    President & CEO
    +44 (0) 2882 241100

    Investor Relations Consultant
    Courtenay Heading (Maclir Consulting Ltd)
    (UK) +44 (0) 7624 424 455

    Religare Capital Markets
    Nick Harriss/Ben Jeynes
    +44 (0) 20 7444 0800

    Beaufort International Associates Ltd
    Barry Gibb/Saif Janjua (Corporate Finance)
    +44 (0) 20 7930 8222

    Beaufort International Associates Ltd
    Niall Carrig (Corporate Broking)
    +44 (0) 20 7930 8222