Galantas Gold Corporation has increased its recent fundraise from CA$7 million to $13.5m following “strong investor demand”.
CHILE
The Canadian explorer and miner issued a total of 168,750,000 units, comprising one Galantas share and one warrant, at a price of C$0.08 per unit.
Agents will be allowed to raise up to an additional additional C$2,025,000 through sales of up to 25,312,500 additional units, in return for 7% in cash of the financing.
Galantas said that completion of the offering will be on or around 10 December 2025.
Net proceeds will be used to fund exploration work on the company’s proposed acquisition of the Indiana copper-gold mine in Chile.
The acquisition is expected to complete during the fourth quarter of 2025, subject to approvals.
The company’s current main projects are the Cavanacaw gold mine in Northern Ireland and the Gairloch gold-bearing volcanogenic massive sulphide project in the northwest Highlands of Scotland.