Galloper Closes Acquisition of Additional Glover Island Exploration Claims
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed the acquisition of three additional exploration claims on Glover Island, Newfoundland, adjacent to its existing exploration area. The acquisition was executed through a purchase agreement with a third-party vendor. As consideration for the claims, Galloper issued 300,000 common shares to the vendor, which are subject to a four-month statutory hold period from the date of issuance.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) ha completato l'acquisizione di ulteriori tre richieste di esplorazione su Glover Island, Newfoundland, adiacente alla sua area di esplorazione esistente. L'acquisizione è stata effettuata tramite un contratto di acquisto con un venditore terzo. Come corrispettivo per le richieste, Galloper ha emesso 300.000 azioni comuni al venditore, soggette a un periodo di sospensione legale di quattro mesi dalla data di emissione.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) ha completado la adquisición de tres reclamos de exploración adicionales en Glover Island, Newfoundland, adyacente a su área de exploración existente. La adquisición se llevó a cabo a través de un acuerdo de compra con un proveedor externo. Como contraprestación por los reclamos, Galloper emitió 300,000 acciones comunes al proveedor, las cuales están sujetas a un período de retención legal de cuatro meses a partir de la fecha de emisión.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF)는 Glover Island, 뉴펀들랜드에서 기존 탐사 지역 인근에 총 세 개의 추가 탐사 권리를 인수했습니다. 이 인수는 제3자 공급업체와의 구매 계약을 통해 실행되었습니다. 권리를 대가로 Galloper는 공급업체에게 300,000주를 발행했으며, 이는 발행일로부터 4개월의 법적 유예 기간이 적용됩니다.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) a finalisé l'acquisition de trois demandes d'exploration supplémentaires sur Glover Island, Terre-neuve, adjacente à sa zone d'exploration existante. L'acquisition a été réalisée par le biais d'un contrat d'achat avec un fournisseur tiers. En contrepartie des demandes, Galloper a émis 300 000 actions ordinaires au fournisseur, qui sont soumises à une période de blocage légale de quatre mois à partir de la date d'émission.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) hat den Erwerb von drei zusätzlichen Explorationsansprüchen auf Glover Island, Neufundland, in der Nähe seines bestehenden Explorationsgebiets abgeschlossen. Der Erwerb wurde durch einen Kaufvertrag mit einem Drittanbieter durchgeführt. Als Gegenleistung für die Ansprüche gab Galloper dem Anbieter 300.000 Stammaktien, die einem viermonatigen gesetzlichen Haltperiode ab dem Ausstellungsdatum unterliegen.
- Expansion of exploration territory through strategic acquisition of adjacent claims
- Non-cash transaction preserving company's cash reserves
- Share issuance causing 300,000 shares dilution for existing shareholders
VANCOUVER, BC / ACCESS Newswire / January 31, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) (the "Company" or "Galloper") announces that, further to its news release of January 28, 2025, it has completed its acquisition (the "Acquisition") of additional exploration claims in Newfoundland as part of its continued exploration efforts pursuant to the purchase agreement (the "Agreement") entered into with a third-party vendor (the "Vendor").
Pursuant to the Agreement, Galloper has agreed to purchase from the Vendor three (3) claims on Glover Island in Newfoundland, adjacent to its existing exploration. Claims on Glover Island. As consideration, Galloper has issued the Vendor an aggregate of 300,000 Galloper common shares. The common shares are subject to a statutory hold period expiring four months from the date of issuance.
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 ACCESS Newswire
FAQ
How many exploration claims did Galloper Gold (GGDCF) acquire on Glover Island?
What was the payment structure for GGDCF's Glover Island claims acquisition?
When will the hold period expire for GGDCF shares issued in the Glover Island acquisition?
Where are the new exploration claims located relative to GGDCF's existing properties?
