Galantas Reports Award of Incentive Stock Options

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/09/11 -- Galantas Gold Corporation (the Company) (TSX VENTURE: GAL)(AIM: GAL), 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 6th, 2016 is 10 cents Canadian per share. These options will vest as to one third immediately, one third on September 6th, 2012 and the remaining third on September 6th, 2013.

The individual awards to Directors are:-

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.



Contacts:
Galantas Gold Corporation
Jack Gunter P.Eng
Chairman
+44 (0) 2882 241100

Galantas Gold Corporation
Roland Phelps C.Eng
President & CEO
+44 (0) 2882 241100



Investor Relations Consultant
Courtenay Heading (Maclir Consulting Ltd)
(UK) +44 (0) 7624 424 455


Religare Capital Markets
Nick Harriss/Ben Jeynes
+44 (0) 20 7444 0800

Beaufort International Associates Ltd
Barry Gibb/Saif Janjua (Corporate Finance)
+44 (0) 20 7930 8222

Beaufort International Associates Ltd
Niall Carrig (Corporate Broking)
+44 (0) 20 7930 8222

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 09.09.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 64037
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TORONTO, ONTARIO

Kategorie:

Mining & Metals

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