Galantas Gold Corporation: Potential Challenge to Planning Consent
TORONTO, ONTARIO--(Marketwired - Oct. 13, 2015) - Galantas Gold Corp. (TSX VENTURE:GAL)(AIM:GAL) ("Galantas" or "the Company") has been made aware of what purports to be pre-action correspondence from an individual who intends to challenge, by judicial review, the actions of the Department of Environment Northern Ireland (DOENI) in granting planning permission for underground mining beneath the existing open pit.
Environment Minister, Mark H Durkan, announced approval of the underground extension on 11th June 2015, including strict environmental conditions. The approval was the result of detailed, independent environmental studies, which were the subject of intensive scrutiny by regulators and the public over a two year period.
Since the grant of permission, Galantas has been actively preparing for implementation of the consent, which is expected to create hundreds of jobs in the Omagh area and the Company has been inundated with local job applications.
Roland Phelps, President & CEO of Galantas Gold Corp. said, "I expect a judicial review, if brought to the High Court in Belfast, to support the planning approval as granted. The individual challenging the decision raised concerns during the planning process and I note that these concerns were carefully examined by DOENI Planning Service. The Company will be seeking additional information and will advise shareholders of material information if it arises."
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Galantas Gold Corp.'s Issued and Outstanding Shares total 107,297,155.
Contact
Enquiries : Galantas Gold Corp.
L. Jack Gunter, P.Eng
Chairman
(UK) +44 (0) 2882 241100
Galantas Gold Corp.
Roland Phelps, C.Eng
President & CEO
(UK) +44 (0) 2882 241100
info@galantas.com
www.galantas.com
Grant Thornton UK LLP (Nomad)
Philip Secrett
Richard Tonthat
+44(0)20 7383 5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Ranald McGregor-Smith
Nick Lovering
+44(0)20 7659 1234
