Galloper Announces Strategic Investment by Dundee Precious Metals Inc.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) has secured a strategic investment from Dundee Precious Metals Inc. through a non-brokered private placement. The deal involves 5 million common shares at $0.05 per share, raising total proceeds of $250,000.
The proceeds will fund exploration activities at the company's flagship Glover Island property, scheduled to begin in Q3 2025, and support working capital needs. The private placement includes no warrants or finder's fees and is subject to CSE approval with a four-month statutory hold period.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) ha ottenuto un investimento strategico da parte di Dundee Precious Metals Inc. tramite un collocamento privato senza intermediari. L'accordo prevede la vendita di 5 milioni di azioni ordinarie al prezzo di 0,05 $ per azione, raccogliendo un totale di 250.000 $.
I fondi raccolti serviranno a finanziare le attività di esplorazione presso la proprietà di punta Glover Island dell'azienda, con inizio previsto per il terzo trimestre del 2025, e a sostenere le necessità di capitale circolante. Il collocamento privato non prevede warrant né commissioni di intermediari ed è soggetto all'approvazione della CSE con un periodo di blocco statutario di quattro mesi.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) ha asegurado una inversión estratégica de Dundee Precious Metals Inc. mediante una colocación privada sin intermediarios. El acuerdo incluye 5 millones de acciones comunes a $0.05 por acción, recaudando un total de $250,000.
Los fondos se destinarán a financiar actividades de exploración en la propiedad principal Glover Island de la compañía, programadas para comenzar en el tercer trimestre de 2025, y a apoyar las necesidades de capital de trabajo. La colocación privada no incluye warrants ni comisiones de intermediarios y está sujeta a la aprobación de la CSE con un período de retención legal de cuatro meses.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF)는 Dundee Precious Metals Inc.로부터 중개인 없는 사모 발행을 통해 전략적 투자를 확보했습니다. 이번 거래는 500만 보통주를 주당 0.05달러에 발행하여 총 25만 달러를 조달하는 내용입니다.
조달된 자금은 회사의 주력 자산인 글로버 아일랜드(Glover Island) 광산 탐사 활동에 사용될 예정이며, 2025년 3분기에 시작될 계획입니다. 또한 운전자본 필요를 지원합니다. 이 사모 발행은 워런트나 중개 수수료가 없으며 CSE 승인과 4개월 법정 보유 기간이 적용됩니다.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) a obtenu un investissement stratégique de Dundee Precious Metals Inc. par le biais d’un placement privé sans intermédiaire. L’opération porte sur 5 millions d’actions ordinaires à 0,05 $ par action, levant un total de 250 000 $.
Les fonds serviront à financer les activités d’exploration sur la propriété phare Glover Island de la société, dont le début est prévu au troisième trimestre 2025, et à soutenir les besoins en fonds de roulement. Le placement privé ne comprend ni bons de souscription ni frais d’intermédiaire, et est soumis à l’approbation de la CSE avec une période de blocage légale de quatre mois.
Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) hat eine strategische Investition von Dundee Precious Metals Inc. durch eine nicht vermittelte Privatplatzierung erhalten. Der Deal umfasst 5 Millionen Stammaktien zu 0,05 $ pro Aktie und bringt insgesamt 250.000 $ ein.
Die Erlöse werden die Explorationsaktivitäten auf dem Flaggschiff-Grundstück Glover Island des Unternehmens finanzieren, die für das dritte Quartal 2025 geplant sind, und den Betriebskapitalbedarf unterstützen. Die Privatplatzierung beinhaltet keine Optionsscheine oder Vermittlungsgebühren und unterliegt der Genehmigung der CSE mit einer viermonatigen gesetzlichen Haltefrist.
- Strategic investment from established mining company Dundee Precious Metals
- Secured $250,000 in funding for exploration activities
- No warrants issued, preventing future dilution
- No finder's fees or commissions, maximizing use of proceeds
- Low share price of $0.05 indicates current market valuation challenges
- Dilution of existing shareholders through new share issuance
- Small financing amount of $250,000 may limit exploration scope
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / June 27, 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 with Dundee Precious Metals Inc. ("Dundee" - DPM) of 5,000,000 common shares of the Company ("Shares") at a price of
The Company will utilize the proceeds from the Private Placement to fund exploration activities on it's flagship Glover Island property, to be commenced in Q3 2025 as well as funding the working capital needs of the Company.
No warrants are included in the Private Placement, and no finder's fees or commissions were paid. The Private Placement is subject to approval of the Canadian Securities Exchange ("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, including the new CSE Exchange Hold.
Hratch Jabrayan, Galloper CEO commented:
"The strategic investment by Dundee is a critical sign of support for Galloper's exploration activities as we move towards a robust drill program later this year. We hope to work collaboratively with Dundee to achieve ongoing success in the mining and minerals industry."
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
View the original press release on ACCESS Newswire
FAQ
What is the size and price of Galloper Gold's (GGDCF) private placement with Dundee Precious Metals?
How will Galloper Gold (GGDCF) use the proceeds from Dundee's investment?
When will the hold period expire for Galloper Gold's (GGDCF) private placement shares?
Does Galloper Gold's (GGDCF) private placement include any warrants or finder's fees?
When will Galloper Gold (GGDCF) begin exploration at Glover Island?
