Stock Exchange Filings
RNS Number:9617Z
Galahad Gold Plc
21 June 2004
GALAHAD GOLD PLC ("GALAHAD GOLD")
GALAHAD EXERCISES WARRANTS IN NORTHERN DYNASTY MINERALS LIMITED,
THE DEVELOPER OF THE PEBBLE DEPOSIT IN ALASKA, USxA
Galahad Gold, the AIM-quoted mining development company, is pleased to announce
that it has exercised certain warrants held over shares in Northern Dynasty
Minerals Limited ("NDM"), a company quoted on thxe Toronto TSX Venture Exchange.
Galahad Gold is the largest single shareholder in NDM.
Galahad Gold has received confirmation that it has validly exercised 6,944,445
warrants at a price of CDN$0.90 per share. As at close of business on 18 June x
2004, NDM was trading at CDN$4.88. Following this transaction, Galahad Gold
has a holding in NDM of 32.71% (34.8% on a fully diluted basis).
Ian Watson, Chairman and Managing Director of Galahad Gold, said today:
"The exercise of these warranxts further increases our significant shareholding
in NDM, which is making excellent progress in developing the
Copper-Gold-Molybdenum Pebble project in Alaska".
For further information:
Alastair King +44 20 7408 20x02
GALAHAD GOLD PLC
Mark Percy
SEYMOUR PIERCE +44 20 7107 8000
Emma Kane
REDLEAF COMMUNICATIONS +44 20 7955 1410/07876 338339
Notes to Editors:
Further information on Galahad Gold may be fouxnd at: www.galahadgold.com.
Further information on Northern Dynasty Minerals may be found at:
www.northerndynastyminerals.com
This information is provided by RNS
The company news service from the London Stock Exchxange
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