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Galahad Metals Updates Private Placement

Mon Nov 9, 2009 5:05pm EST
 
  OTTAWA, ONTARIO, Nov 09 (MARKET WIRE) -- 
Galahad Metals Inc (TSX VENTURE: GAX) announced today that the Company is
continuing to pursue the private placement announced on October 2, 2009.
The TSX-V has approved an extension to December 9, 2009.

    Proceeds raised will be used for working capital, the Montrose Gold
Project and the new Regcourt Gold deposit near Val d'Or, QC.

    "The statements in this Press Release may contain forward looking
statements that involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company's expectations
and projections. The TSX Venture Exchange has not approved or disapproved
of the information contained in this Press Release."

Contacts:
Robin Dow, President, C.E.O
1-888-834-7708
robin@dowgroup.ca

In Vancouver:
Wayne Meredith
1-604-569-2509
wayne@dowgroup.ca

In Toronto:
Gus Garisto
1-416-607-6023
gus@baystreetconnect.com

Galahad Metals Inc.
www.galahadmetals.com

Copyright 2009, Market Wire, All rights reserved.

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