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Galleon Gold Announces Increase in the Aggregate Size of Equity Financings to up to C$30 Million
Galleon Gold Announces Increase in the Aggregate Size of Equity Financings to up to C$30 Million ...
About this update from Galleon Gold Corp
[{"type":"text","content":"\n\n\nGalleon Gold Announces Increase in the Aggregate Size of Equity Financings to up to C$30 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Nov. 24, 2025 /CNW/ - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the \"Company\" or \"Galleon Gold\") is pleased to announce it that in connection with its previously announced equity financings (a) the Company and Pan American Silver Corp. (\"Pan American\") have agreed to increase the size of the non-brokered private placement of units of the Company (the \"Non-Brokered Units\") to Pan American to aggregate gross proceeds of $11,250,000 (the \"Non-Brokered Offering\"), and (b) the Company and Cormark Securities Inc. (the \"Lead Agent\") on behalf of a syndicate of Agents (collectively, the \"Agents\"), have agreed to increase the size of the \"best efforts\" private placement of units of the Company (the \"Brokered Units\") to aggregate gross proceeds of approximately $16,000,200 (the \"LIFE Offering\" and collectively with the Non-Brokered Offering, the \"Offerings\" and each, an \"Offering\"). Both the Non-Brokered Units and the Brokered Units will be sold at a price of $0.60 per unit (the \"Offering Price\"). If Over-Allotment Option (as defined below) granted to the Agents in connection with the LIFE Offering is exercised in full, the total gross proceeds of the Offerings will be approximately $30,000,000.\nThe Company intends to use the net proceeds from the Offerings to advance surface infrastructure and underground development related to the bulk sample program at its West Cache Gold Project (the \"Project\"), to repurchase a 3% net smelter royalty on the Project (see press release dated October 16, 2025), and for working capital and general corporate purposes.\nThe Offerings are expected to close concurrently on or about December 4, 2025 (the \"Closing Date\"), or on such other date as may be agreed to by the Company and the Agents, with res...