Eric Sprott Announces Changes to His Holdings of Galantas Gold Corporation

Acquisition Details - Eric Sprott's corporation, 2176423 Ontario Ltd., acquired 50,000,000 units of Galantas Gold Corporation through a private placement at $0.08 per unit, totaling approximately $4,000,000 [1] - Each unit consists of one common share and one share purchase warrant, allowing the holder to acquire one share at $0.12 for 36 months from the issuance date [1] Ownership Changes - Prior to the acquisition, Mr. Sprott owned 10,166,667 shares, representing about 7.7% of the outstanding shares [2] - Post-acquisition, Mr. Sprott now owns 60,166,667 shares and 50,000,000 warrants, representing approximately 13.1% of the outstanding shares on a non-diluted basis and 19.999% on a partially-diluted basis [2] Investment Intentions - The securities are held for investment purposes, with a long-term view, and Mr. Sprott may acquire additional securities or sell them depending on market conditions and other relevant factors [3]