Northwire Canada EditionFriday, November 13, 2026
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Financings

Eric Sprott Announces Changes to His Holdings of Galantas Gold Corporation

By The Northwire Desk — AI Analysis Dec 31, 2025 · 14:38 GAL · 0.13 Galantas Gold Corporation
GAL · Price

Executive Summary

  • Eric Sprott, through 2176423 Ontario Ltd., purchased 50 million units of Galantas Gold Corp. in a private placement at $0.08 per unit for approximately $4 million.
  • The transaction raises Sprott’s ownership to ~13.1% on a non‑diluted basis (≈20% partially diluted), triggering an early‑warning filing.
  • Each unit includes one common share and one warrant allowing purchase of an additional share at $0.12 for 36 months.

Key Details

  • Units Acquired: 50,000,000 units @ $0.08 per unit = ≈ $4,000,000 total consideration.
  • Unit Composition: 1 common share + 1 warrant (exercise price $0.12, exercisable for 36 months).
  • Pre‑transaction Holding: Sprott owned 10,166,667 shares (~7.7% of outstanding shares).
  • Post‑transaction Holding:
  • Shares: 60,166,667 (≈13.1% non‑diluted).
  • Warrants: 50,000,000 (potentially increasing diluted ownership to ~19.999%).
  • Early Warning: Ownership increase above the 10 % threshold requires filing of an early‑warning report with SEDAR+.
  • Purpose of Securities: Held for investment; long‑term view with possibility of future purchases or dispositions.
  • Contact Information: Early warning report available on Galantas Gold’s SEDAR+ profile; inquiries via Mr. Sprott’s office (416) 945‑3294.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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