Galantas Gold Completes Acquisition of Sol de Oro Mining for US$1.5 Million
Galantas Gold Corporation closed its acquisition of all issued and outstanding shares of Sol de Oro Mining Ltd. for US$1.5 million in cash plus assumed obligations to former shareholders of Compañía Minera e Inmobiliaria Dragones SpA under a share purchase agreement dated January 6, 2026.
Galantas Gold Corporation (TSX-V:) completed its acquisition of all issued and outstanding shares of Sol de Oro Mining Ltd. for a cash payment of US$1.5 million and the assumption of certain obligations to the former shareholders of Compañía Minera e Inmobiliaria Dragones SpA [1]. The transaction closed under a share purchase agreement between Galantas and Robert Sedgemore dated January 6, 2026 [1].
Sol de Oro Mining holds the Andacollo gold project in Chile. Galantas, which operates the Omagh gold mine in Northern Ireland, now controls a second jurisdiction for exploration and potential production. The company paid the purchase price entirely in cash rather than issuing equity, preserving its share count but reducing its treasury by $1.5 million. The assumed obligations to Dragones's former shareholders represent deferred consideration whose quantum and payment terms were not disclosed in the announcement.
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