C$1.17m raised for Northern Ireland’s Omagh mine

The owner of Northern Ireland’s only producing gold mine has raised about C$1.17-million (or £682 859) in a private placement, which the company plans to use to accelerate underground development. TSX-V and Aim-listed Galantas Gold closed the private placement on Thursday for 16 655 099 common shares of no par value. UK placees have subscribed at a price of £0.041 a share and Canadian placees at a C$0.07 a share.