(Toronto, Ontario, January 4, 2021) – Galway Metals Inc. (TSX-V: GWM) (the “Company” or “Galway”) is pleased to announce that Robert Hinchcliffe, President, Chief Executive Officer and Director of the Company has acquired, through a series of transactions conducted through the facilities of the TSX Venture Exchange, a total of 750,000 common shares of the Company in 2020. As a result, Mr. Hinchcliffe now owns a total of 14,310,519 common shares of Galway, representing approximately 8.5% of the issued and outstanding shares of the Company.
Overall, since Galway’s shares began trading in 2013 following its spin out to shareholders as a result of the $340 million sale of Galway Resources, Mr. Hinchcliffe has purchased 7.1 million shares in the open market, 4.7 million shares via private placements and 1.3 million shares acquired through the exercise of warrants and options. Total equity purchases since the Company began trading back in 2013 has been 13.1 million shares.
The securities are held for investment purposes, and Mr. Hinchcliffe may vary his holdings of securities as investment conditions warrant.
For further information, please contact:
Galway Metals Inc.