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Galloper Gold Corporate Update
VANCOUVER, BC / ACCESSWIRE / August 30, 2024 / Galloper Gold Corp. (CSE:BOOM) (OTC PINK:GGDCF) (the "Company" or "Galloper") is pleased to provide a corporate u
About this update from Galloper Gold Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / August 30, 2024 / Galloper Gold Corp. (CSE:BOOM) (OTC PINK:GGDCF) (the \"Company\" or \"Galloper\") is pleased to provide a corporate update as the Company continues to advance its assets in Newfoundland. GALLOPER ENTERS INTO AGREEMENT TO ACQUIRE ADDITIONAL MINERAL EXPLORATION CLAMS ON GLOVER ISLAND, NEWFOUNDLAND The Company has entered into a purchase agreement (the \"Agreement\") with a third-party vendor (the \"Vendor\") to acquire additional mining claims in Newfoundland as part of its continued exploration efforts (the \"Acquisition\"). Pursuant to the Agreement, Galloper has agreed to purchase from the Vendor four (4) exploration licenses comprising 16 claims in Newfoundland. As consideration, Galloper will pay the Vendor an aggregate of CAD $45,000 cash and issue to the Vendor 800,000 Galloper common shares. The Acquisition is subject to the Canadian Securities Exchange (CSE) having no objection. The claims are on Glover Island and are contiguous to Galloper's current holdings at its flagship and drill-ready Glover Island Property. GALLOPER RETAINS DAVID KEAN FOR INVESTOR RELATIONS Galloper has entered into an agreement with David Kean (the \"Consultant\") pursuant to which the Consultant will provide investor relations (IR) services to Galloper Gold for an initial term of seven (7) months beginning September 1, 2024, which may be extended by mutual agreement between the parties. Galloper Gold will pay the Consultant a fee of $3,500 per month, plus applicable taxes. The Consultant will also be granted stock options to purchase 100,000 common shares of Galloper Gold with an exercise price of CAD $0.12 per share. The options will be in accordance with Galloper Gold's stock option plan and will expire twelve (12) months from the date of issuance. The investor relations agreement and grant of stock options are subject to the Canadian Securities Exchange (CSE) having no objection. GALLOPER GOLD ANNOUNCES GRANT OF STOCK OPTIONS Galloper announces the granting of an aggregate of 3,500,000 stock options of which 2,700,000 will be granted to directors and officers of the Company with an exercise price of $0.12 per share and will expire after 5 years and shall vest immediately. A total of 800,000 stock options (including those to be issued to the Consultant as described above) have been granted to con...