Welcome to our dedicated page for Galloper Gold news (Ticker: GGDCF), a resource for investors and traders seeking the latest updates and insights on Galloper Gold stock.
Galloper Gold Corp (GGDCF) is a mineral exploration company focused, according to its public disclosures, on gold and base metals projects in Newfoundland’s Central Newfoundland Gold Belt. Its news flow centres on the advancement of the Glover Island Property and the Mint Pond prospect, along with corporate and capital markets developments.
On this page, readers can review Galloper’s reported exploration milestones, such as the first diamond drilling program at Glover Island since 2012 and the evaluation of historic gold-mineralized prospects along the Lunch Pond South Extension (LPSE) trend. The company’s releases also describe helicopter-supported field visits, assessment of historic drill core, and the integration of newly acquired claims hosting prospects like Keystone and Jacomar.
Galloper’s news also covers corporate transactions and governance updates. Examples include the acquisition of additional mineral licences on Glover Island, incentive stock option grants to officers and consultants under its omnibus equity incentive plan, and a debt settlement completed through the issuance of common shares, which the company identifies as a related party transaction under Multilateral Instrument 61-101. Board changes and acknowledgments of support from the Newfoundland & Labrador Junior Exploration Assistance Program are also documented.
For investors and observers tracking a junior exploration issuer, Galloper’s announcements provide insight into property acquisitions, land position growth, historic resource context at LPSE, and the company’s stated plans for ongoing exploration programs. This news page allows users to follow how Galloper describes the evolution of its projects and corporate structure over time.
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.
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) has submitted a proposal to acquire the Glover Island Exempt Mineral Land (EML) in Newfoundland and Labrador. The EML, created in 2012, spans 1,925 hectares with 8.85 kilometers of potential strike length and contains a historic gold resource estimate of 58,200 oz indicated and 120,600 oz inferred.
The property includes 19 mineral prospects and showings, primarily for gold, along with copper and zinc prospects. The EML is surrounded by Galloper's existing exploration licenses on Glover Island. The proposal was submitted in response to the province's request issued on November 7, 2024, with a deadline of January 22, 2025.
Additionally, the company announced the appointment of Jan Urata as Corporate Secretary, effective January 1, 2025, replacing Rav Mlait.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has announced a non-brokered private placement of up to 9,000,000 units at $0.05 per unit with strategic investors, aiming to raise gross proceeds of up to $450,000. Each unit comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.075 for 12 months from issuance.
The private placement is expected to close around January 31, 2025. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies. All securities will have a four-month and one-day hold period. 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.
Galloper Gold Corp (CSE:BOOM)(OTC PINK:GGDCF) has announced the appointment of Nader Elm to its Board of Directors. Elm, based in Philadelphia, brings extensive experience in strategic planning and operations across technology, media, telecommunications, aerospace, and mining sectors. He is the Founder of Exyn Technologies Inc., and previously served as Senior VP at IMAX and held leadership positions at Rogers Digital Media and Bell Canada. To accommodate Elm's appointment, Bryan Loree has stepped down from the Board but continues as CFO. The company expects to benefit from Elm's global investor connections and business network.