Galloper Closes Private Placement First Tranche; Acquires Additional Glover Island Exploration Claims
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed the first tranche of its non-brokered private placement, raising $200,000 through the issuance of 4,000,000 units at $0.05 per unit. Each unit includes one common share and half a warrant, with full warrants exercisable at $0.075 for 12 months.
Additionally, the company has entered into an agreement to acquire three exploration claims on Glover Island, Newfoundland, adjacent to its existing operations. The acquisition will be paid for with 300,000 Galloper common shares, subject to Canadian Securities Exchange approval. The proceeds from the private placement will be used to advance the Glover Island asset, marketing, investor relations, and working capital.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) ha completato la prima tranche del suo collocamento privato non intermediazione, raccogliendo $200.000 attraverso l'emissione di 4.000.000 di unità a $0,05 per unità. Ogni unità comprende una azione comune e metà di un warrant, con warrants completi esercitabili a $0,075 per 12 mesi.
Inoltre, la società ha stipulato un accordo per acquisire tre concessioni esplorative su Glover Island, Newfoundland, adiacenti alle operazioni esistenti. L'acquisizione sarà pagata con 300.000 azioni comuni di Galloper, soggetta all'approvazione della Canadian Securities Exchange. I proventi del collocamento privato saranno utilizzati per sviluppare l'asset di Glover Island, marketing, relazioni con gli investitori e capitale circolante.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) ha completado la primera fase de su colocación privada no intermediada, recaudando $200,000 a través de la emisión de 4,000,000 de unidades a $0.05 por unidad. Cada unidad incluye una acción común y medio warrant, con warrants completos ejercitables a $0.075 durante 12 meses.
Adicionalmente, la empresa ha firmado un acuerdo para adquirir tres reclamaciones de exploración en Glover Island, Newfoundland, contiguas a sus operaciones existentes. La adquisición se pagará con 300,000 acciones comunes de Galloper, sujeta a la aprobación de la Canadian Securities Exchange. Los fondos provenientes de la colocación privada se utilizarán para avanzar en el activo de Glover Island, marketing, relaciones con inversores y capital de trabajo.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF)는 중개인 없는 사모 배치의 첫 번째 분할을 완료하고 $200,000을 조달하여 단가 $0.05로 4,000,000개의 주식을 발행했습니다. 각 유닛은 하나의 보통주와 반 개의 워런트를 포함하며, 전체 워런트는 12개월 동안 $0.075에 행사할 수 있습니다.
또한, 회사는 기존 운영과 인접한 Glover Island, Newfoundland에 세 개의 탐사 권리를 인수하기로 합의했습니다. 인수는 300,000개의 Galloper 보통주로 지불할 예정이며, 캐나다 증권 거래소의 승인을 받아야 합니다. 사모 배치에서 발생한 수익은 Glover Island 자산, 마케팅, 투자자 관계 및 운영 자본을 진행하는 데 사용될 것입니다.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) a terminé la première tranche de son placement privé non intermédiaire, levant $200,000 grâce à l'émission de 4,000,000 d'unités à 0,05 $ par unité. Chaque unité comprend une action ordinaire et une demi-warrant, les warrants complets étant exerçables à 0,075 $ pendant 12 mois.
De plus, l'entreprise a conclu un accord pour acquérir trois revendications d'exploration sur Glover Island, Terre-Neuve, adjacentes à ses opérations existantes. L'acquisition sera réglée par 300,000 actions ordinaires de Galloper, sous réserve de l'approbation de la Canadian Securities Exchange. Les produits du placement privé seront utilisés pour faire avancer l'actif de Glover Island, le marketing, les relations avec les investisseurs et le fonds de roulement.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) hat die erste Tranche seiner unformierten Privatplatzierung abgeschlossen und $200.000 durch die Emission von 4.000.000 Einheiten zu $0,05 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und die Hälfte eines Warrants, wobei die vollständigen Warrants für 12 Monate zu $0,075 ausgeübt werden können.
Zusätzlich hat das Unternehmen eine Vereinbarung zum Erwerb von drei Explorationsansprüchen auf Glover Island, Neufundland, neben seinen bestehenden Operationen, getroffen. Der Erwerb wird mit 300.000 Galloper Stammaktien bezahlt, vorbehaltlich der Genehmigung der Canadian Securities Exchange. Die Mittel aus der Privatplatzierung werden verwendet, um das Glover Island-Asset, Marketing, Investor Relations und Betriebskapital voranzutreiben.
- Raised $200,000 through private placement financing
- Expansion of exploration claims portfolio through acquisition of three additional claims
- Strategic expansion in existing operational area at no cash cost
- Share dilution through issuance of 4,000,000 new units
- Additional dilution from 300,000 shares for claims acquisition
- Potential further dilution if warrants are exercised
Not for distribution to United States newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States.
VANCOUVER, BC / ACCESS Newswire / January 28, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) (the "Company" or "Galloper") announces that, further to its news release of January 14, 2025, it has closed the first tranche of its non-brokered private placement issuing 4,000,000 units of the Company ("Units") at a price of
No finder's fees were paid in connection with the Private Placement. All securities issued under the Private Placement are subject to statutory hold periods expiring four months 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.
Galloper Acquires Additional Exploration Claims
The Company also announces that it has entered into a purchase agreement (the "Agreement") with a third-party vendor (the "Vendor") to acquire additional exploration claims in Newfoundland as part of its continued exploration efforts (the "Acquisition").
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 will pay the Vendor 300,000 Galloper common shares. The Acquisition is subject to acceptance by the Canadian Securities Exchange.
Hratch Jabrayan, CEO of Galloper commented: "We are pleased to announce the expansion of our claim position on Glover Island, further strengthening our presence in this highly prospective region. This strategic expansion underscores our commitment to unlocking Glover Island's full potential. We remain optimistic about the opportunities that lie ahead, and we look forward to advancing our exploration efforts to create long-term value for our shareholders."
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 ACCESS Newswire
FAQ
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How many new claims did GGDCF acquire on Glover Island in January 2025?
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