Galantas Gold shareholders approve Sol de Oro acquisition

(Sharecast News) - Galantas Gold said on Tuesday that shareholders had approved its proposed acquisition of Sol de Oro Mining, which indirectly owns 100% of the Andacollo gold project in Chile. The AIM-traded gold and copper company said 67.3% of its issued share capital was voted at the special meeting, with the acquisition resolution approved by 99.99% of votes cast, excluding certain shareholders as required under Canadian minority protection rules and TSX Venture Exchange policies.

The transaction was expected to complete later this month, subject to final TSXV approval and other closing conditions.

Galantas also said shareholders had approved its omnibus equity incentive plan and appointed Andreas L'Abbé as non-board chief financial officer from 1 July.

Chief executive Mario Stifano said L'Abbé's mining sector experience across operations, financial reporting, controls, M&A, human resources and ESG would be "a valuable asset as we advance toward production in Chile".

At 1113 BST, shares in Galantas Gold Corporation were down 1.43% at 24.15p.

Reporting by Josh White for Sharecast.com.

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