Galloper Arranges Strategic Private Placement
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has announced a non-brokered private placement of up to 9,000,000 units at $0.05 per unit with strategic investors, aiming to raise gross proceeds of up to $450,000. Each unit comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.075 for 12 months from issuance.
The private placement is expected to close around January 31, 2025. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies. All securities will have a four-month and one-day hold period. The proceeds will be used to advance the Glover Island asset, cover general and administrative expenses including marketing and investor relations, and provide working capital.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) ha annunciato un collocamento privato non intermediato di fino a 9.000.000 di unità a $0,05 per unità, rivolto a investitori strategici, con l'obiettivo di raccogliere un importo lordo di fino a $450.000. Ogni unità comprende una azione comune e una metà di un warrant per l'acquisto di azioni comuni, con ogni warrant completo esercitabile a $0,075 per 12 mesi dall'emissione.
Il collocamento privato dovrebbe concludersi intorno al 31 gennaio 2025. L'azienda potrebbe pagare commissioni a broker idonei, in conformità alle leggi sui titoli e alle politiche della CSE. Tutti i titoli avranno un periodo di blocco di quattro mesi e un giorno. I proventi saranno utilizzati per sviluppare l'asset di Glover Island, coprire spese generali e amministrative, comprese le spese di marketing e relazioni con gli investitori, e fornire capitale operativo.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) ha anunciado una colocación privada no intermediada de hasta 9.000.000 de unidades a $0,05 por unidad, dirigida a inversores estratégicos, con el objetivo de recaudar un total bruto de hasta $450.000. Cada unidad está compuesta por una acción común y medio warrant de compra de acciones comunes, siendo cada warrant completo ejercitable a $0,075 durante 12 meses desde su emisión.
Se espera que la colocación privada se cierre alrededor del 31 de enero de 2025. La empresa puede pagar comisiones a los buscadores elegibles, sujeto a las leyes de valores y políticas de la CSE. Todos los valores tendrán un período de bloqueo de cuatro meses y un día. Los fondos se utilizarán para avanzar el activo de Glover Island, cubrir gastos generales y administrativos, incluyendo marketing y relaciones con inversores, además de proporcionar capital de trabajo.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF)는 전략적 투자자를 대상으로 유닛당 $0.05에 최대 9,000,000 유닛의 비중개 프라이빗 플래이스먼트를 발표하였으며, 총 $450,000을 모금할 계획입니다. 각 유닛은 하나의 보통주와 보통주 매입 워런트의 절반으로 구성되며, 전체 워런트는 발행일로부터 12개월 이내에 $0.075에 행사할 수 있습니다.
프라이빗 플래이스먼트는 2025년 1월 31일 경에 마감될 것으로 예상됩니다. 회사는 적격 브로커에게 수수료를 지급할 수 있으며, 이는 증권법 및 CSE 정책에 따라 다릅니다. 모든 증권은 4개월 1일의 보유 기간을 가집니다. 모금된 자금은 글로버 아일랜드 자산의 개발, 마케팅 및 투자자 관계를 포함한 일반 및 관리비용, 그리고 운영 자본을 마련하는 데 사용될 것입니다.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) a annoncé un placement privé non intermédiaire de jusqu'à 9.000.000 d'unités à 0,05 $ par unité, visant des investisseurs stratégiques, dans le but de lever un produit brut de jusqu'à 450.000 $. Chaque unité est composée d'une action ordinaire et d'une moitié de bon de souscription d'actions ordinaires, chaque bon complet étant exerçable à 0,075 $ pendant 12 mois à partir de sa date d'émission.
Le placement privé devrait se clôturer aux alentours du 31 janvier 2025. La société peut verser des honoraires aux intermédiaires éligibles, sous réserve des lois sur les valeurs mobilières et des politiques de la CSE. Tous les titres seront soumis à une période de blocage de quatre mois et un jour. Les fonds seront utilisés pour faire avancer l'actif de Glover Island, couvrir les frais généraux et administratifs, y compris le marketing et les relations avec les investisseurs, et fournir du capital de travail.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) hat eine nicht vermittelte Privatplatzierung von bis zu 9.000.000 Einheiten zu je $0,05 pro Einheit angekündigt, die sich an strategische Investoren richtet, mit dem Ziel, einen Bruttoerlös von bis zu $450.000 zu erzielen. Jede Einheit besteht aus einer Stammaktie und einer halben Kaufoption auf Stammaktien, wobei jede vollständige Option für 12 Monate ab dem Datum der Ausgabe zu $0,075 ausgeübt werden kann.
Die Privatplatzierung soll voraussichtlich um den 31. Januar 2025 abgeschlossen werden. Das Unternehmen kann geeigneten Vermittlern Gebühren zahlen, vorbehaltlich der Wertpapiergesetze und CSE-Richtlinien. Alle Wertpapiere unterliegen einer Sperrfrist von vier Monaten und einem Tag. Die Erlöse werden verwendet, um das Glover Island-Asset voranzubringen, allgemeine und administrative Ausgaben einschließlich Marketing und Investor Relations zu decken und Betriebskapital bereitzustellen.
- Secured up to $450,000 in strategic investment
- Warrants provide potential additional funding at $0.075 per share
- Proceeds will advance Glover Island asset development
- Significant dilution at $0.05 per unit, below market price
- Short-term warrant exercise period of only 12 months
- Additional dilution possible from warrant exercises
VANCOUVER, BC / ACCESSWIRE / January 14, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") is pleased to announce that it has arranged a non-brokered private placement of up to 9,000,000 units of the Company ("Units") at a price of
The Private Placement is expected to close on or about January 31, 2025.
The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange ("CSE"). The Private Placement is subject to approval of the CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement.
The Company intends to use the net proceeds of this financing to advance its Glover Island asset, for general and administrative expenses which will include funds for marketing and investor relations, and cash for working capital.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Galloper Gold Corp.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property, where the historic Lucky Smoke gold occurrence was recently expanded through drilling, consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.
For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.
On behalf of the Board of Directors,
Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.
Company Contact:
info@gallopergold.com
Tel: 778-655-9266
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.
Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Galloper Gold Corp.
View the original press release on accesswire.com
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