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Galantas Gold Corp.

12:24 PM EST - Galantas Gold Corp. : said Thursday it received consent from the TSX Venture Exchange to issue company shares for debt. The creditor, who supplied drilling services, has exchanged Pounds Sterling 78,355 of debt for 3,134,200 units. Each unit comprises one share and one warrant, such warrant being exercisable for one year at a price of UK Pounds Sterling 0.05. Galantas Gold Corp. shares V.GAL are trading even at $0.04.