Galantas Gold Corporation announced a proposed Private Placement that will provide for the financing to bring the Galantas Gold Mine in Omagh, Northern Ireland, into full production. On closing of the proposed Private Placing (“the Closing Date”), Roland Phelps will retire as Galantas’ Chief Executive Officer and as a member of the Board of Directors. His role as CEO will be assumed by Mario Stifano, an experienced mining executive who has raised over $700 million in capital for mining companies such as Lake Shore Gold Corp. (now part of Kirkland Lake Gold Inc.), Cordoba Minerals Corp. and Dore Copper Mine Corp.