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Galloper Gold Corp ( (TSE:BOOM) ) has provided an update.
Galloper Gold Corp. has announced a proposed debt settlement involving the issuance of 1,000,000 common shares at a price of $0.065 per share to settle $65,000 of debt related to past management services. This move, subject to regulatory approval, aims to strengthen the company’s financial position and improve its operational stability.
More about Galloper Gold Corp
Galloper Gold Corp. is engaged in mineral exploration, focusing on the Central Newfoundland Gold Belt. Its primary projects include the Glover Island Property and the Mint Pond prospect. The company recently completed a diamond drilling program at Glover Island, with results pending.
Average Trading Volume: 136,895
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.5M
Find detailed analytics on BOOM stock on TipRanks’ Stock Analysis page.