Monica O'Shea. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. We use this information to make our site faster, more relevant and improve the navigation for all users. Your password will be sent to this address. May 1, 2023 | Shareholder Information - Galileo Mining James Mickleboro. This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. James Mickleboro. Public companies currently own 17% of Galileo Mining stock. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. Lets take a look at what Galileo Mining announced today. The top 20 shareholders on listing held 57% of the stock. Under the placement, Galileo will issue 17 million shares for $1.20 Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Registered Office. Data is 20 mins delayed. To get a sense of who is truly in control of Galileo Mining Ltd (ASX:GAL), it is important to understand the ownership structure of the business. Should your cookies be reset then you may again use the drop-down menu to select a default region. Galileo Mining has amarket capitalisationof about $81 million. TO MAKE THE WORLD Analysts have been running the rule over this lithium giant's latest update. Galileo Mining Ownership - Simply Wall St Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. The placement will increase Galileos total cash balance to around $26.5 million. GALILEO MINING Managing Director Brad Underwood is delighted with the placement and is looking forward to explore the Callisto discovery. Creasys Nova-Bollinger discovery helped start what is known as the Great Nickel Rush on Fraser Range. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. The companys shares are currently trading at 50 cents apiece, a 150% gain. Top 20 Shareholders Hear our experts take on shares, the market & how to invest. In addition, we are waiting for the assay results from the first four drill holes of the present drill program which are expected to be returned from the laboratory shortly. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Join our flagship membership service, Share Advisor. SAVE THIS ARTICLE GAL News, Analysis, Announcements & Results | Galileo We are delighted with the strong market support for our placement which puts us in an excellent position to expand the drilling programs at our recent Callisto palladium-nickel discovery, said MD Brad Underwood. The company on Wednesday said that it has already received firm commitments for the placement. Email advertising@creamermedia.co.za, Barloworld Equipment~Booyco Electronics~Immersive Technologies~Integrated Pump Rental~Integrated Pump Technology~Multotec~Sandvik~SSG Consulting ~Trafo Power Solutions~Weir Minerals Africa, barloworld-equipment-2021-07-20~booyco-electronics-2021-06-07~immersive-technologies-2019-04-01~integrated-pump-rental-2019-12-09~integrated-pump-technology-2019-12-12~multotec-2021-02-03~sandvik-2022-08-29~ssg-consulting-project-management-2014-05-19~trafo-power-solutions-2022-12-13~weir-minerals-africa-2020-11-23, Creamer Media Senior Deputy Editor: Australasia, Sign up for our FREE daily email newsletter. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Past performance is not necessarily indicative of future returns. Drilling from 144m at hole NRC266 intersected with 33 metres at 1.64 grams per tonne (g/t) palladium, 0.28 g/t platinum, 0.09 g/t gold, 0.32% copper, and 0.3% nickel including: The 33 metre intersection is within a broader 55 metre disseminated sulphide zone. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. Galileo Mining Let's find out. Bronwyn Allen. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. For the Year Ended 30 June 2018 For personal use only - ASX Please remember that investments can go up and down. Subscriptions are available via the Creamer Media Store. 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