TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Galleon Gold ( (TSE:GGO) ) is now available.
Galleon Gold Corp. has announced a non-brokered private placement offering of unsecured convertible debentures to raise up to C$7,000,000. The proceeds will be used for the exploration and advancement of the West Cache Gold Project and general working capital. The debentures, which have a 36-month term and an 8% interest rate, are convertible into common shares at $0.30 per share. Key stakeholders, including Eric Sprott and company insiders, are participating in the offering, highlighting confidence in the company’s strategic direction and potential growth.
More about Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The company is working towards its first test mining at West Cache, aiming to produce 22,600 ounces of gold from an 86,500-tonne underground bulk sample. Galleon Gold’s strategy involves systematically derisking the project while expanding the asset through grassroots exploration.
Average Trading Volume: 78,758
Technical Sentiment Signal: Buy
Current Market Cap: C$18.91M
Find detailed analytics on GGO stock on TipRanks’ Stock Analysis page.