Galloper Announces Closing of Non-Brokered Private Placement
Galloper Gold has successfully closed its non-brokered private placement, raising gross proceeds of $142,763 through the issuance of 3,482,024 units at $0.041 per unit.
Each unit comprises one common share and one-half of a Common Share purchase warrant. The full warrants can be exercised to purchase one Common Share at $0.05 within 12 months from issuance.
The company paid Ventum Financial finder's fees of $2,601.04 in cash and 63,440 finder's warrants. These non-transferable warrants are exercisable at $0.05 per Common Share for 12 months.
The proceeds will support general working capital purposes. All securities issued are subject to a four-month statutory hold period. The offering excludes U.S. distribution without proper registration or exemption.
Galloper Gold ha completato con successo un collocamento privato senza intermediari, raccogliendo un ricavo lordo di 142.763 dollari attraverso l'emissione di 3.482.024 unità al prezzo di 0,041 dollari per unità.
Ogni unità comprende una azione ordinaria e una metà di warrant per l'acquisto di azioni ordinarie. I warrant completi possono essere esercitati per acquistare una azione ordinaria al prezzo di 0,05 dollari entro 12 mesi dall'emissione.
La società ha corrisposto a Ventum Financial commissioni di ricerca pari a 2.601,04 dollari in contanti e 63.440 warrant di ricerca. Questi warrant non trasferibili possono essere esercitati a 0,05 dollari per azione ordinaria per 12 mesi.
I proventi saranno utilizzati per il capitale circolante generale. Tutti i titoli emessi sono soggetti a un periodo di blocco statutario di quattro mesi. L'offerta esclude la distribuzione negli Stati Uniti senza la registrazione o esenzione appropriata.
Galloper Gold ha cerrado con éxito una colocación privada sin intermediarios, recaudando ingresos brutos de $142,763 mediante la emisión de 3,482,024 unidades a $0.041 por unidad.
Cada unidad consiste en una acción común y la mitad de un warrant para comprar acciones comunes. Los warrants completos pueden ejercerse para adquirir una acción común a $0.05 dentro de los 12 meses siguientes a la emisión.
La compañía pagó a Ventum Financial honorarios de buscador de $2,601.04 en efectivo y 63,440 warrants de buscador. Estos warrants no transferibles pueden ejercerse a $0.05 por acción común durante 12 meses.
Los ingresos se destinarán a capital de trabajo general. Todos los valores emitidos están sujetos a un período de retención legal de cuatro meses. La oferta excluye la distribución en EE.UU. sin el registro o exención correspondiente.
Galloper Gold는 중개인 없이 사모 발행을 성공적으로 마무리하여, 단위당 0.041달러에 3,482,024 단위를 발행하여 총 142,763달러의 총 수익을 조달했습니다.
각 단위는 보통주 1주와 보통주 매수 워런트 0.5주로 구성됩니다. 전체 워런트는 발행일로부터 12개월 이내에 0.05달러에 보통주 1주를 매수할 수 있습니다.
회사는 Ventum Financial에 현금 2,601.04달러와 63,440개의 비양도성 매수 워런트를 지급했습니다. 이 워런트는 12개월 동안 보통주 1주당 0.05달러에 행사할 수 있습니다.
조달된 자금은 일반 운전자본 목적으로 사용될 예정입니다. 발행된 모든 증권은 4개월의 법적 보호 기간이 적용됩니다. 이 제안은 적절한 등록 또는 면제 없이는 미국 내 배포를 제외합니다.
Galloper Gold a clôturé avec succès son placement privé sans intermédiaire, levant un produit brut de 142 763 $ grâce à l'émission de 3 482 024 unités au prix de 0,041 $ par unité.
Chaque unité comprend une action ordinaire et une demi-option d'achat d'action ordinaire. Les options complètes peuvent être exercées pour acheter une action ordinaire à 0,05 $ dans les 12 mois suivant l'émission.
La société a versé à Ventum Financial des frais de recherche de 2 601,04 $ en espèces ainsi que 63 440 options de recherche. Ces options non transférables sont exerçables à 0,05 $ par action ordinaire pendant 12 mois.
Les produits seront utilisés pour des besoins généraux de fonds de roulement. Tous les titres émis sont soumis à une période de blocage légale de quatre mois. L'offre exclut la distribution aux États-Unis sans enregistrement ou exemption appropriée.
Galloper Gold hat seine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei Bruttoerlöse in Höhe von 142.763 USD durch die Ausgabe von 3.482.024 Einheiten zu je 0,041 USD pro Einheit erzielt.
Jede Einheit besteht aus einer Stammaktie und einer halben Stammaktien-Kaufoption (Warrant). Die vollständigen Warrants können innerhalb von 12 Monaten nach Ausgabe zum Preis von 0,05 USD pro Stammaktie ausgeübt werden.
Das Unternehmen zahlte Ventum Financial Findergebühren in Höhe von 2.601,04 USD in bar sowie 63.440 Finder-Warrants. Diese nicht übertragbaren Warrants können für 12 Monate zum Preis von 0,05 USD pro Stammaktie ausgeübt werden.
Die Erlöse werden zur allgemeinen Betriebskapitalunterstützung verwendet. Alle ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltefrist von vier Monaten. Das Angebot schließt eine Verbreitung in den USA ohne ordnungsgemäße Registrierung oder Befreiung aus.
- Strategic investors participated in the private placement
- Raised $142,763 in gross proceeds for working capital
- Small financing amount indicates limited investor interest
- Significant share dilution through issuance of 3,482,024 new units
- Low unit price of $0.041 suggests weak market valuation
- Additional dilution potential from warrants at $0.05 exercise price
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") announces that, further to its news release of April 15, 2025, it has closed its non-brokered private placement issuing 3,482,024 units of the Company ("Units") at a price of
The Company paid finder's fees of
The Company intends to use the net proceeds from the Private Placement for general working capital purposes.
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 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
How much did Galloper Gold (GGDCF) raise in their April 2025 private placement?
What is the warrant exercise price for GGDCF's April 2025 private placement?
What are the terms of Galloper Gold's (GGDCF) April 2025 private placement units?
How long is the hold period for GGDCF's April 2025 private placement securities?
What finder's fees did Galloper Gold pay for their April 2025 private placement?
How will Galloper Gold (GGDCF) use the proceeds from their April 2025 private placement?
