Galantas shares fall after update on Andacollo deal and funding shift
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) shares fell 9.4% to 32.6p after it updated investors on its planned acquisition of the Andacollo Oro gold project in Chile, with the deal still subject to approvals. The gold miner said it is working to satisfy closing conditions for the transaction, including sign-off from the TSX Venture Exchange and minority shareholder approval, with completion expected in the second quarter of 2026.
Galantas Gold kicks off maiden drill programme at Indiana gold project
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) has kicked off its first drill programme at the Indiana gold project in Chile, launching a 5,000-metre campaign aimed at tightening mine planning data while also testing for higher-grade extensions that could add to the resource base. The 17-hole diamond drilling programme at the project near Copiapó will target mineralisation at depths of around 200 to 350 metres below surface.
Galantas Gold shares double in early trade on new gold project acquisition
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) shares doubled in value in Wednesday morning's early deals, after announcing it has entered a share purchase agreement to acquire 100% of the Andacollo Oro gold project in Chile's Coquimbo region. The company said the agreement, signed on 6 January, is expected to be a fundamental acquisition under TSX Venture Exchange rules.
