Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings

Briefing

The Non-Brokered Offering constitutes a “shares for debt” settlement under Policy 4.3 of the TSX Venture Exchange (the “ TSXV ”). Key points: The Non-Brokered Offering constitutes a “shares for debt” settlement under Policy 4.3 of the TSX Venture Exchange (the “ TSXV ”). This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.

Source Notes

The Non-Brokered Offering constitutes a “shares for debt” settlement under Policy 4.3 of the TSX Venture Exchange (the “ TSXV ”).

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# Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate

Source: https://galantas.com/news/galantas-gold-completes-acquisition-of-rdl-mining-corp-and-financings-for-aggregate-gross-proceeds-of-15.525-million-and/
Published: 2025-12-31T00:00:00+00:00
Fetched: 2026-05-12T12:47:30.713+00:00
Source artifact: c95af933-be5d-4481-aa56-b3cf68e7210c
Normalizer input: text

## Content

TORONTO, December 31, 2025 -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) (“ Galantas ” or the “ Company ”) is pleased to announce that the Company has completed its previously announced acquisition (the “ Transaction ”) of all of the issued and outstanding shares of RDL Mining Corp. (“ RDL ”) in exchange for common shares of Galantas (“ Galantas Shares ”), pursuant to a share purchase agreement among Galantas and the former shareholders of RDL, being Lawrence Roulston, Robert Sedgemore and Dorian L. (Dusty) Nicol (collectively, the “ RDL Shareholders ”).
In addition, Galantas announces that it has closed (i) its previously announced private placement (the “ Brokered Offering ”) of 186,250,000 units of the Company (each, a “ Unit ”) at a price of $0.08 per Unit (the “ Offering Price ”), for aggregate gross proceeds of $14,900,000, including the partial exercise of the over-allotment option of the Agents (as defined below), and (ii) a non-brokered private placement (the “ Non-Brokered Offering ”, and together with the Brokered Offering, the “ Offerings ”) of 7,812,500 Galantas Shares (each, a “ Share ”) to Ocean Partners UK Limited (“ Ocean Partners ”) to settle an outstanding debt owing by the Company to Ocean Partners of $625,000. The Non-Brokered Offering constitutes a “shares for debt” settlement under Policy 4.3 of the TSX Venture Exchange (the “ TSXV ”).