Galantas report financial results for the quarter ended june 30, 2024

Toronto, aug. 29, 2024 (globe newswire) -- galantas gold corporation (tsx-v & aim: gal; otcqx: galkf) ("galantas" or the "company") is pleased to announce its unaudited financial results for the quarter ended june 30, 2024. financial highlights highlights of the second quarter 2024 results, which are expressed in canadian dollars, are summarized below: all figures denominated in canadian dollars (cdn$) quarter endedjune 30   2024 2023 revenue $ 0   $ 0   cost and expenses of operations $ (30,318 ) $ (72,881 ) loss before the undernoted $ (30,318 ) $ (72,881 ) depreciation $ (107,281 ) $ (128,989 ) general administrative expenses $ (1,507,639 ) $ (1,187,896 ) foreign exchange gain (loss) $ (31,399 ) $ 34,250   unrealized gain on derivative fair value adjustment $ 85,018   $ 0   net (loss) for the quarter $ (1,591,619 ) $ (1,355,516 ) working capital deficit $ (12,593,186 ) $ (12,059,946 ) cash loss from operating activities before changes in non-cash working capital $ (961,910 ) $ (793,674 ) cash at june 30, 2024 $ 395,514   $ 586,464     sales revenue for the quarter ended june 30, 2024 amounted to $ nil compared to revenue of $ nil for the quarter ended june 30, 2023.
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