Galantas Gold first quarter loss unchanged as cash outflow decreases

Galantas Gold Corp - developing Omagh open pit gold mine in Country Tyrone, Northern Ireland - Reports net loss in the three months to March 31 of USD1.4 million unchanged from USD1.4 million the year prior, on zero revenue, also unchanged. Adds cash outflow totalled USD475,530, down from USD577,604 a year ago. Basic and diluted loss per share was USD0.01 compared to LPS of USD0.02.

Current stock price: 17.00 pence, down 5.6% in London on Tuesday

12-month change: down 44%

By Jeremy Cutler, Alliance News reporter

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