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Galleon Gold ( (TSE:GGO) ) just unveiled an announcement.
Galleon Gold Corp. has successfully completed an oversubscribed private placement of convertible debentures, raising a total of $7.5 million. The funds will be used for the exploration and advancement of the West Cache Gold Project and general working capital. This financial move is expected to strengthen the company’s operational capacity and support its strategic initiatives in the gold exploration sector.
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 preparing for 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: 94,139
Technical Sentiment Signal: Buy
Current Market Cap: C$25.69M
Find detailed analytics on GGO stock on TipRanks’ Stock Analysis page.