Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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Galahad Metals 4,010,000-share private placement

2010-11-30 13:28 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Nov. 10, 2010, Nov. 18, 2010, and Nov. 24, 2010.

Number of shares: 550,000 common shares and 3.46 million flow-through share

Purchase price: Nine cents per common share and 11 cents per flow-through share

Warrants: 550,000 share purchase warrants to purchase 550,000 shares and 3.46 million share purchase warrants to purchase 3.46 million shares

Warrant exercise price: 15 cents for a two-year period and 15 cents for a two-year period

Hidden placees: Nine hidden placees

Agent's fee: $7,920 and 103,304 compensation options payable to CGE Capital Inc. (Each compensation option is exercisable into one common share and one common share purchase warrant at a price of nine cents per compensation option for a two-year period. Each common share purchase warrant is exercisable into one common share at a price of 15 cents for a two-year period.)

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