Galleon Gold Corp. (TSE:GGO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Galleon Gold Corp. has successfully completed a non-brokered private placement, raising C$1.41 million through the sale of convertible debenture units, with notable investor Eric Sprott participating. Each unit includes a convertible debenture and warrants that could convert into common shares, backed by security interest in gold from the company’s Golden Trove property. This capital raise is intended to bolster the company’s financial position and fund future endeavors.
For further insights into TSE:GGO stock, check out TipRanks’ Stock Analysis page.