Galleon Gold Secures $1.41M in Private Placement

Galleon Gold Corp. (TSE:GGO) has released an update.

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.

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