OTTAWA, ONTARIO — (Marketwire) — 10/07/11 — Galahad Metals Inc. ("the Company")(TSX VENTURE: GAX) announced today that its board of directors has authorized a distribution to its shareholders of the common shares of its subsidiary, Red Ore Gold Inc. ("RXX"), by way of a tax-free return of capital, subject to compliance with applicable laws and receipt of all necessary regulatory and shareholder approvals. While the details of the return of capital are being finalized, in
