Galantas Gold Enters Into Binding Term Sheet for Joint Venture With Ocean Partners UK Limited to Develop Omagh Gold Project in Northern Ireland
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 08 2025
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Source: Globenewswire
Galantas Gold Corporation Joint Venture: Galantas Gold Corporation has entered a Binding Term Sheet with Ocean Partners UK Limited to form a joint venture for the high-grade Omagh Gold Project in Northern Ireland, where Ocean Partners will invest approximately US$14 million for an 80% interest in the project.
Shareholder Approval Required: The Proposed Transaction is classified as a fundamental change under AIM Rules and requires shareholder approval, along with a related-party transaction involving Melquart Limited converting debt into shares, which also necessitates majority approval from disinterested shareholders.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
