Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) has closed a C$2.9mln (£1.75mln) private placing, with the money earmarked for drilling at the Joshua Vein and the recently identified Kerr Vein target at Omagh and exploration in Scotland.
Existing shareholders Ross Beaty and Ocean Finance put in C$360,000 and $249,000 respectively while there were finders’ fees of C$131,000.
Galantas said it had also agreed a debt-for-equity swap worth C$749,000 at the same price as the placing.