Issue of Share Options

RNS Number : 9502N

Galantas Gold Corporation

09 September 2011

 



GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS REPORTS AWARD OF INCENTIVE STOCK OPTIONS

DATE : 9^th September 2011

Galantas Gold Corporation, (the Company) 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 6^th, 2016 is 10 cents Canadian per share. These options will vest as to one third immediately, one third on September 6^th , 2012 and the remaining third on September 6^th , 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.

Enquiries

Galantas Gold Corporation                                                                                                                                                         
Jack Gunter P.Eng - Chairman                                                   Investor Relations Consultant
Roland Phelps C.Eng - President & CEO                                    Courtenay Heading (Maclir Consulting Ltd)
Email: [e-mail]                                                          Email : [e-mail]                                  
Website: www.galantas.com                                                       Telephone : (UK) [phone]  
Telephone:  [phone]

Religare Capital Markets                         
Telephone: [phone]                  Nick Harriss/Ben Jeynes

Beaufort International Associates Ltd
Telephone: [phone]                  Barry Gibb/Saif Janjua (Corporate Finance)

                                                                    Niall Carrig (Corporate Broking)

 

END

 

 

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