Galloper Gold Corp. Continues Private Placement Initiative

Galloper Gold Corp. (CSE:BOOM) announced it will proceed with its non-brokered private placement of units, targeting a closing date for the second tranche by March 18, 2025. The initial tranche closed on January 27, 2025, raising $200,000 through the sale of 4,000,000 units. Each unit includes one common share and a half warrant, offering the possibility to purchase another common share at $0.075, within 12 months of issuance.

The company highlights its intent to allocate the net proceeds towards advancing its Glover Island asset, alongside general and administrative expenses, marketing, and working capital. Galloper confirms potential payment of finders' fees adhering to securities laws and CSE policies. The private placement awaits CSE approval, with issued securities bound by a four-month hold period.

The offered securities are not registered under the U.S. Securities Act of 1933 and are restricted from sale within the United States unless specific conditions are met. This announcement is not an offer to sell or solicit in jurisdictions where such actions are prohibited.