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Galloper Gold Corp ( (TSE:BOOM) ) has issued an update.
Galloper Gold Corp has completed a debt settlement by issuing 1,000,000 common shares to its CEO, Hratch Jabrayan, to settle a $65,000 debt for past management services. This transaction is classified as a related party transaction under MI 61-101, with exemptions applied for formal valuation and minority shareholder approval. The issued shares are subject to a four-month statutory hold period.
More about Galloper Gold Corp
Galloper Gold Corp is engaged in mineral exploration within the Central Newfoundland Gold Belt, focusing on its flagship Glover Island Property and the Mint Pond prospect. The company recently completed its first diamond drilling program at Glover Island since 2012, with results pending.
Average Trading Volume: 139,956
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.5M
See more insights into BOOM stock on TipRanks’ Stock Analysis page.