Galway Metals launches brokered private placement of up to 19,437,000 flow-through units at $0.72 each for $14 million
Bitget2026/09/22 11:45- Galway Metals launched a brokered “best efforts” private placement of up to 19,437,000 flow-through units at CAD 0.72 each.
- Gross proceeds targeted at about CAD 14 million; Beacon Securities acting as sole agent.
- Strategic investor Michael Gentile to buy 17,150,000 units; 12-month lock-up; expected stake 11.04% post-deal.
- Each unit includes one flow-through share, one warrant exercisable at CAD 0.8 for 36 months.
- Proceeds earmarked for Clarence Stream gold project exploration spending by Dec. 31, 2027; closing expected around Oct. 14, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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