Peterson McVicar acts for Galway in $3.3 Million Private Placement

On December 21, 2018 Galway Metals Inc. (“Galway” or the “Company”) announced that it had completed an offering of 2,826,086 Québec flow-through shares (QC FT Shares”), at a price of $0.23 per QC FT Share; 5,600,000 federal flow-through shares (“FT Shares”), at a price of $0.20 per FT share; and 9,394,636 hard-dollar common shares (“HD Shares”), at a price of $0.17 per HD Share by way of non-brokered private placement for aggregate gross proceeds of approximately $3,367,090.

The net proceeds shall be primarily used for exploration on the Company’s Clarence Stream gold property (NB, Canada), the Estrades polymetallic property (Abitibi, QC, Canada) and for general corporate and working capital purposes.

Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec.

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