Roland Phelps, chief executive of Galantas Gold Corp (LON:GAL, CVE:GAL), caught up with Proactive's Andrew Scott to discuss two tranches of additional finance which has been negotiated to further develop the Omagh Mine in Northern Ireland.
They've agreed a concentrate prepayment deal for US$1.6mln with Ocean Partners.
Galantas has also increased its on-demand loan facility with G&F Phelps by around US$850,000 ( ?600,000) to just over US$3mln ( ?2.15mln).
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