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Galloper Gold Corp ( (TSE:BOOM) ) has shared an announcement.
Galloper Gold Corp. has launched a non-brokered private placement of up to 25 million units at $0.06 per unit, aiming to raise as much as $1.5 million, with each unit comprising one common share and a three-year warrant exercisable at $0.09. A strategic investor has committed to up to $250,000 of the financing, which remains subject to Canadian Securities Exchange approval and customary hold periods, and the proceeds are earmarked to fund Galloper’s 2026 exploration program at its Newfoundland properties and for general working capital, potentially strengthening its project pipeline and financial footing in the junior gold exploration space.
More about Galloper Gold Corp
Galloper Gold Corp. is a mineral exploration company focused on the Central Newfoundland Gold Belt, where it is advancing its flagship Glover Island Property located southeast of Corner Brook. The company targets gold exploration opportunities in this emerging Canadian gold district, positioning itself to benefit from continued regional exploration and development activity.
Average Trading Volume: 75,325
Technical Sentiment Signal: Buy
Current Market Cap: C$3.5M
Find detailed analytics on BOOM stock on TipRanks’ Stock Analysis page.