TORONTO, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V: GAL; AIM: GAL) (“Galantas” or the “Company”) is pleased to announce that its common shares (the “Shares”) are now qualified for trading under the ticker symbol “GALKF” on the OTCQX® Best Market (“OTCQX”) in the United States.
Mario Stifano, Chief Executive Officer and Director of Galantas, commented: “The OTCQX listing marks an important milestone for Galantas. Our decision to cross-trade in the U.S. is part of our strategy to grow our international shareholder base and promote greater liquidity as we continue our focus on expanding high-grade gold production and the mineral resources at our Omagh Project in Northern Ireland.”
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. Penny stocks, shells and companies in bankruptcy cannot qualify for OTCQX.
By trading on the OTCQX, the common shares of Galantas will be available to U.S. investors during U.S. working hours and priced in US$. Foreign private issuers, such as Galantas, that trade on the OTCQX and meet the requirements of U.S. Securities Exchange Act Rule 12g3-2(b) are exempt from SEC reporting and will incur minimal ongoing costs as a result of the Company's common shares being traded on the OTCQX.
The Company is preparing an application with the Depository Trust & Clearing Corporation (DTCC) to further facilitate electronic clearing and settlement of the Company’s common shares in the United States.
The Company’s Shares will continue to trade on the TSX-V and AIM exchanges under the symbol “GAL”.
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.
About Galantas Gold Corporation
Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding Northern Ireland's first gold mine.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, George Grainger
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Nick Lovering, Hugh Rich
Telephone: +44(0)20 7886 2500
