Galantas Gold Announces $85 Million Private Placement

Not for distribution to U.S. newswire services or dissemination in the United States TORONTO, May 10, 2026 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) (“Galantas” or the “Company”) is pleased to announce that it intends to raise up to $85 million (the “Offering”) pursuant to a brokered private placement of up to 154,546,000 units of Galantas (each, a “Unit”), on a “best efforts” agency basis, at a price of $0.55 per Unit (the “Issue Price”). Canaccord Genuity Corp. will act as sole bookrunner and lead agent (the “Agent”), in connection with the Offering.