Pursuant to National Instrument 62-103
TORONTO, July 31, 2012 /CNW/ - On July 9, 2012 the expiry date of
24,550,000 common share purchase warrants (each a "Galantas Warrant")
of Galantas Gold Corporation ("Galantas") held by Kenglo One Limited
("Kenglo"), Third Floor, Conway House, 7-9 Conway Street, St. Helier,
Jersey, JE2 3NT, was extended for one year from July 22, 2012 to July
22, 2013. Kenglo originally acquired the Galantas Warrants, each
exercisable into one common share in the capital of Galantas (each a
"Galantas Share"), by private placement from Galantas on July 22, 2010.
On June 8, 2012, Kenglo exercised 20,560,340 common share purchase
warrants of Galantas (the "June 2010 Galantas Warrants") into
20,560,340 Galantas Shares, which warrants were acquired by Kenglo by
private placement from Galantas on June 8, 2010. In addition, 439,660
June 2010 Galantas Warrants held by Kenglo expired unexercised.
Therefore, on June 8, 2012, Kenglo's ownership, direction or control
over Galantas Shares was reduced by 439,660 Galantas Shares.
As at the date hereof, Kenglo owns an aggregate of 66,110,340 Galantas
Shares and an aggregate of 24,550,000 Galantas Warrants. Therefore, as
at the date hereof and assuming the exercise of the Galantas Warrants,
Kenglo owns or exercises control or direction over 90,660,340 Galantas
Shares, being 32.29% of the issued and outstanding Galantas Shares.
Kenglo is wholly-owned by Benbrack Charkit Limited, which is
wholly-owned by the BBCK Settlement Trust (the "Trust"), the trustee of
which is Baccata Trustees Limited (the "Trustee"), which has control or
direction over the Trust. The address of Trustee is as above. The
beneficiaries of the Trust are Christopher Brown, his issue and his
Kenglo may, depending on market and other conditions, increase or
decrease its beneficial ownership, control or direction over Galantas
Shares or other securities of Galantas through market transactions,
private agreements, treasury issuances, exercise of convertible
securities or otherwise.
SOURCE: Kenglo One Limited
For further information:
For additional information or a copy of the corresponding early warning report, contact: Ann Williams (tel: (44) 1534 870670).