Business
Galloper Gold Announces Strategic Investment by Dundee Precious Metals
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 ha
About this update from Galloper Gold Corp
[{"type":"text","content":" 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 $0.05 per Share for aggregate gross proceeds of $250,000 with (the \"Private Placement'). Under the terms of the Private Placement, the Company and Dundee will enter into a subscription agreement for the full amount of the Private Placement. This investment by Dundee is a strategic investment in the ongoing operations and development of the Company. 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 ...