Galantas shares fall after update on Andacollo deal and funding shift

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Tue, March 31, 2026 astatine 4:45 AM CDT 1 min read

Galantas shares autumn aft update connected Andacollo woody and backing shift

Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) shares fell 9.4% to 32.6p aft it updated investors connected its planned acquisition of the Andacollo Oro golden task successful Chile, with the woody inactive taxable to approvals.

The golden miner said it is moving to fulfill closing conditions for the transaction, including sign-off from the TSX Venture Exchange and number shareholder approval, with completion expected successful the 2nd 4th of 2026.

The update besides elaborate a important displacement successful however proceeds from a $15.5 cardinal fundraising volition beryllium used, with astir $8.4 cardinal present earmarked for Andacollo, compared with an earlier absorption connected the Indiana project.

Management said the alteration reflects evolving priorities pursuing the projected acquisition.

Chief enforcement Mario Stifano said: "This is simply a large milestone for Galantas and the acquisition of the Andacollo Project."

While biology support for a restart has been confirmed, the institution cautioned the woody whitethorn not complete.

Trading successful its shares remains halted connected the TSX Venture Exchange during the regulatory review.

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