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TORONTO, ON / ACCESS Newswire / May 28, 2026 / Galantas Gold Corporation (TSXV:GAL)(AIM:GAL)(OTCQB:GALKF) ("Galantas" or the "Company") is pleased to announce that the Company has completed its previously announced private placement (the "Offering") of 181,819,000 units of the Company (each, a "Unit") at a price of $0.55 per Unit (the "Offering Price"), for aggregate gross proceeds of $100,000,450, which included the full exercise of the option (the "Agents' Option") granted to the Agents (as defined below). The Offering was led by Canaccord Genuity Corp. ("Canaccord") as lead agent and sole bookrunner on behalf of a syndicate of agents including Haywood Securities Inc., SCP Resource Finance LP and BMO Nesbitt Burns Inc. (collectively with Canaccord, the "Agents").
Each Unit is comprised of one common share of the Company (a "Galantas Share") and one-half of one Galantas Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Galantas Share for $0.80 per Galantas Share for a period of 24 months from the date hereof, subject to adjustment and acceleration in certain circumstances as set out in the warrant indenture between Galantas and TSX Trust Company. As compensation for their services, the Company: (i) paid to the Agents a cash commission of $5,000,022.50 representing approximately 5.0% of the aggregate gross proceeds of the Offering (including gross proceeds from the Agents' Option); and (ii) issued to the Agents 7,272,750 compensation warrants ("Compensation Warrants"). Each Compensation Warrant entitles the holder thereof to acquire one Galantas Share at the Offering Price for a period of 24 months from the date hereof.
