Galantas Gold Converts Debentures, Expands Shares

Galantas Gold Corporation (UK) (GB:GAL) has released an update.

Galantas Gold Corporation has converted US$60,000 of its convertible debentures into 235,294 common shares at a price of US$0.255 each, with the remaining debentures totaling US$5,278,000 post-conversion. The new shares are expected to be admitted to the AIM market of the London Stock Exchange shortly. The company’s focus is on expanding gold production in Northern Ireland and exploring a gold-bearing deposit in Scotland.

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