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TORONTO, May 28, 2020 — Galantas Gold Corporation (“Galantas” or the “Company”), the AIM and TSXV quoted gold ambassador and charlatan is admiring to advertise that apply processing has recommenced at its 100% endemic gold mine, abreast Omagh, Northern Ireland.
Staff operating the apply processing bulb (mill) were beforehand furloughed beneath a UK government admission scheme, apropos the Coronavirus pandemic. The Company agitated out aliment to the processing bulb during the milling suspension, to minimise approaching aliment interruptions. The restart follows a analysis of Northern Ireland / UK government bloom admonition apropos COVID-19, a accident appraisal and the addition of adapted modifications to alive practices. Feedstock for the processing bulb is from low brand banal until acceptable arrange are in abode to recommence development underground.
Discussions with a cardinal of parties abide in agreement of a accumulated activity involving a abeyant auction or collective adventure and due activity abstracts abide to be processed.
The Canadian Balance Administrators afresh appear absolute abatement for bazaar participants apropos the filing of assertive connected acknowledgment abstracts beneath applicative Canadian balance laws as a aftereffect of the COVID-19 outbreak. Galantas Gold Corporation intends to await on such absolute abatement in account of the filing of its Annual Financial Statements for the year concluded December 31, 2019 and its Interim Financial Statements for the division catastrophe March 31, 2020, calm with the accompanying Management Discussion and Analysis (MD&A) and the CEO and CFO certifications appropriate beneath National Instrument 52-109 – Certification of Acknowledgment in Issuers’ Annual and Interim Filings (collectively, the “Disclosure Documents”) as a aftereffect of delays acquired by the COVID-19 pandemic. Galantas confirms that its Officers, Directors and added Company’s assembly abide accountable to an cabal trading black-out policy.
The Company anticipates filing such Acknowledgment Abstracts for the year concluded December 31, 2019 on or afore June 15, 2020 and filing such Acknowledgment Abstracts for the division concluded March 31, 2020 on or afore July 15, 2020. The Company confirms that there accept been no actual changes that accept occurred to the Company consecutive to the filing of its Financial Statements and MD&A for the three and nine months concluded September 30, 2019 on November 22, 2019, added than the closing of the GBP £1 Million Convertible Debenture, the announcements of the Share Consolidation, the Notice of and after-effects of Special Meeting, updates on Operations, Abeyant Accumulated Actions, Technical Report and able date of the Share Consolidation, as ahead disclosed. The Annual General Affair of the Company will additionally be delayed and the date for the affair will be appear in due course.
The advice in this absolution has been advised by Roland Phelps C.Eng MIMMM (President & CEO, Galantas Gold Corporation) a able being beneath the acceptation of National Instrument. 43-101 and AIM rules.
This advertisement contains central advice for the purposes of Article 7 of Regulation (EU) No 596/2014.
Neither TSX Adventure Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Adventure Exchange) accepts albatross for the capability or accurateness of this release.
Enquiries : Galantas Gold Corporation Roland Phelps C.Eng – President & CEO Email: [email protected] Telephone: (UK) 44 (0) 2882 241100 Website: www.galantas.com
Grant Thornton UK LLP (AIM Nominated Advisor) Philip Secrett, Richard Tonthat: Telephone: 44(0)20 7383 5100
Whitman Howard Ltd (Broker & Accumulated Adviser) Nick Lovering, Grant Barker: Telephone: 44(0)20 7659 1234
Personal Financial Statement Analysis Here’s What People Are Saying About Personal Financial Statement Analysis – personal financial statement analysis
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