Nov 15 (Reuters) - Galantas Gold Corp GAL.V -
* Galantas announces private placement
* Galantas Gold- proposed placement is for a maximum of 20 million shares, at an issue price of CDN$0.07 per share for maximum gross proceeds of CDN$1.4 million
* Galantas Gold Corp- net proceeds are intended to be used to continue development of underground mine on Omagh Property