RE:3rd quarter results, expect commercial production soon"Galane Gold is also pleased to announce that it has exercised its right to force the conversion of $2,649,433 of principal amount of the Company’s outstanding 4% convertible unsecured debenture, which was set to mature on November 20, 2021, at a price of CDN$0.15 per common share and at a predetermined exchange rate of $1.00:CDN$1.35, resulting in the issuance of 23,844,897 common shares of the Company."
I guess that could explain the recent high volume. The lender may not be interested in being a shareholder of GG, so they sell even at prices below the conversion rate. Since Sept 28 21M shares have been sold on the TSX.