Galloper Closes Strategic Investment by Dundee Precious Metals Inc.
Galloper Gold Corp. (OTC:GGDCF) has successfully completed a non-brokered private placement with Dundee Precious Metals Inc. (TSX:DPM). The placement involved issuing 5,000,000 common shares at $0.05 per share, raising total gross proceeds of $250,000.
The proceeds will be used to fund exploration activities at the company's flagship Glover Island property, scheduled to begin in Q3 2025, and for working capital needs. No finder's fees were paid, and the issued securities are subject to a four-month statutory hold period.
Galloper Gold Corp. (OTC:GGDCF) ha completato con successo un collocamento privato senza intermediari con Dundee Precious Metals Inc. (TSX:DPM). L'operazione ha previsto l'emissione di 5.000.000 azioni ordinarie al prezzo di 0,05 $ per azione, raccogliendo un totale lordo di 250.000 $.
I fondi saranno utilizzati per finanziare le attività di esplorazione presso la proprietà di punta Glover Island, previste per il terzo trimestre 2025, e per esigenze di capitale circolante. Non sono state pagate commissioni di collocamento e i titoli emessi sono soggetti a un periodo di blocco legale di quattro mesi.
Galloper Gold Corp. (OTC:GGDCF) ha completado con éxito una colocación privada sin intermediarios con Dundee Precious Metals Inc. (TSX:DPM). La colocación consistió en la emisión de 5.000.000 acciones comunes a $0.05 por acción, recaudando un total bruto de $250,000.
Los fondos se utilizarán para financiar actividades de exploración en la propiedad principal Glover Island, programadas para comenzar en el tercer trimestre de 2025, y para necesidades de capital de trabajo. No se pagaron comisiones de intermediación y los valores emitidos están sujetos a un período de retención legal de cuatro meses.
Galloper Gold Corp. (OTC:GGDCF)가 Dundee Precious Metals Inc. (TSX:DPM)와 중개인 없이 사모 발행을 성공적으로 완료했습니다. 이번 발행은 5,000,000 보통주를 주당 0.05달러에 발행하여 총 250,000달러의 총수익을 조달했습니다.
조달된 자금은 회사의 주력 자산인 글로버 아일랜드 탐사 활동에 사용될 예정이며, 탐사는 2025년 3분기에 시작될 계획입니다. 또한 운전자본 필요에 사용됩니다. 중개 수수료는 지급되지 않았으며, 발행된 증권은 4개월 법정 보호 기간이 적용됩니다.
Galloper Gold Corp. (OTC:GGDCF) a réussi une émission privée sans courtier avec Dundee Precious Metals Inc. (TSX:DPM). L'opération a consisté en l'émission de 5 000 000 d'actions ordinaires au prix de 0,05 $ par action, levant ainsi un produit brut total de 250 000 $.
Les fonds seront utilisés pour financer les activités d'exploration sur la propriété phare Glover Island, dont le début est prévu au 3e trimestre 2025, ainsi que pour les besoins en fonds de roulement. Aucuns frais d'intermédiation n'ont été versés et les titres émis sont soumis à une période de blocage légale de quatre mois.
Galloper Gold Corp. (OTC:GGDCF) hat erfolgreich eine private Platzierung ohne Vermittler mit Dundee Precious Metals Inc. (TSX:DPM) abgeschlossen. Die Platzierung umfasste die Ausgabe von 5.000.000 Stammaktien zu je 0,05 $ pro Aktie, wodurch ein Bruttoerlös von 250.000 $ erzielt wurde.
Die Erlöse werden zur Finanzierung von Explorationsaktivitäten auf dem Flaggschiff-Grundstück Glover Island verwendet, die für das dritte Quartal 2025 geplant sind, sowie für den Betriebskapitalbedarf. Es wurden keine Vermittlungsgebühren gezahlt und die ausgegebenen Wertpapiere unterliegen einer viermonatigen gesetzlichen Haltefrist.
- None.
- Shares issued at relatively low price of $0.05 per share
- Dilution of existing shareholders through issuance of 5 million new shares
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / July 8, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") announces that, further to its news release of June 27, 2025, it has closed its non-brokered private placement issuing 5,000,000 common shares of the Company ("Shares") at a price of
The Company did not pay any finder's fees or commissions in connection with the Private Placement.
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.
All securities issued under the Private Placement to Dundee 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
View the original press release on ACCESS Newswire