Core Viewpoint - Ocean Partners Holdings Limited has acquired a significant stake in Galantas Gold Corporation, increasing its ownership to 10.7% of the total issued and outstanding Common Shares following the acquisition [1][3]. Group 1: Acquisition Details - Ocean Partners acquired 35,937,500 Units of Galantas at a price of $0.08 per Unit, which includes one Common Share and one Warrant per Unit, and an additional 7,812,500 Common Shares at the same price through a non-brokered private placement [1]. - Each Warrant allows the holder to purchase one Common Share at $0.12 for 36 months after closing [1]. Group 2: Ownership Structure - Prior to the acquisition, Ocean Partners held 5,269,447 Common Shares, representing 4.0% of the total shares on a non-diluted basis, and 1,422,222 Pre-Existing Warrants [2]. - After the acquisition, Ocean Partners now controls 49,019,447 Common Shares, equating to 10.7% of the total shares on a non-diluted basis, and could control 86,379,169 shares (17.7%) if all Warrants and Pre-Existing Warrants are exercised [3]. Group 3: Future Intentions - The acquisition was made for investment purposes, and Ocean Partners may acquire additional securities of Galantas in the future depending on market conditions and other relevant factors [4].
News Release for Early Warning Report Regarding Galantas Gold Corporation
Globenewswire·2026-01-06 23:03