Galloper Gold Corp Stock Price, News & Analysis

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 Pink: GGDCF) has announced the grant of incentive stock options to one of its officers and directors. The grant consists of 500,000 common shares with an exercise price set at $0.05 per share. These options have been issued under the company's omnibus equity incentive plan and will remain exercisable for a period of 12 months.

Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) has appointed Stephen Shea, former Managing Partner of Talent at Ernst & Young, to its Board of Directors. Shea brings extensive experience from his 12-year tenure on EY's Executive Committee (2010-2022) and significant background in the gold mining industry, including work with Dome Mines Group (now Barrick Gold). His expertise includes experience with exploration projects, mine construction, and acquisitions. Shea holds a BSc from University of Toronto, an MBA from Schulich School of Business, and is a Harvard Senior Leadership Program graduate. The appointment comes as Galloper advances its flagship Glover Island asset in Newfoundland, where the company recently completed six diamond drill holes in 2024 and plans for an expanded drilling program in 2025. Mark Scott has resigned from the board to accommodate Shea's appointment.

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 Corp (CSE:BOOM)(OTC:GGDCF) has announced plans to commence an exploration program for a copper prospect on its Glover Island property in Newfoundland. The program will focus on investigating a VTEM anomaly on the western side of the property, which spans approximately 3.5 kilometers with an additional 3 kilometers of resistivity lows.

The exploration initiative will involve a geological survey and sampling program conducted over two weeks, utilizing three crews of geologists and technicians based in Deer Lake. The target area, situated in the Grand Lake Complex, remains largely underexplored with no previous documented sampling or drilling by the government.

The company's Glover Island Property consists of 532 mining claims covering 13,300 hectares, while its Mint Pond property comprises 499 claims totaling 12,475 hectares, both located in the Central Newfoundland Gold Belt.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has announced a non-brokered private placement to raise up to $150,000 through the issuance of 3,658,537 units at $0.041 per unit. Each unit comprises one common share and half a warrant, with each full warrant exercisable at $0.05 for 12 months from issuance.

The company plans to use the proceeds for general working capital purposes. The private placement requires CSE approval, and all securities will have a four-month and one-day hold period. Galloper may pay finder's fees to eligible finders. The company has discontinued its previously announced private placement of units at $0.05 per unit.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) announced the continuation of its non-brokered private placement, with the second tranche expected to close by March 18, 2025. The company previously closed the first tranche on January 27, 2025, raising $200,000 through the issuance of 4,000,000 Units.

Each Unit comprises one common share and one-half of a Common Share purchase warrant. Each full warrant can be exercised to purchase one Common Share at $0.075 within 12 months from issuance. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies.

The proceeds will be used to advance the Glover Island asset, cover general and administrative expenses including marketing and investor relations, and provide working capital. All securities issued will have a four-month and one-day statutory hold period from the closing date.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed early-stage investigation of an unexplored VTEM anomaly on the western side of its Glover Island property in Newfoundland. The anomaly, located in the Grand Lake Complex, coincides with a resistivity low similar to documented VMS showings in the Kettle Pond Formation.

The company's 2024 soil sampling program revealed significant copper presence, with 10% of nearly 1,500 samples showing higher than 64 ppm copper, reaching a maximum of 413 ppm Cu. The VTEM and resistivity anomaly extends for almost 3.5 km, with an additional 3 km of resistivity lows in areas without VTEM coverage.

The Glover Island Property comprises 532 mining claims totaling 13,300 hectares, while the company's Mint Pond property consists of 499 claims totaling 12,475 hectares, both located in the Central Newfoundland Gold Belt.

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.