Galloper closes $2.5-million private placement

Executive Summary

• Galloper Gold Corp. has closed a non-brokered private placement, raising $2.5 million in aggregate gross proceeds.
• The company issued 41,666,667 units at a price of $0.06 per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds will be used to commence the 2026 exploration program and for general working capital purposes.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Issued: 41,666,667 units.
• Price Per Unit: $0.06 CAD.
• Gross Proceeds: $2,500,000 CAD.
• Finder’s Fees: $31,184.85 CAD paid in cash to Haywood Securities Inc., Ventum Financial Corp., Research Capital Corp., Canaccord Genuity Corp., and BMO Nesbitt Burns Inc.
• Warrant Terms: Each unit includes one common share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.09 CAD.
• Warrant Expiry: February 9, 2029.
• Use of Proceeds: Commencement of the 2026 exploration program and general working capital.
• Restrictions: Securities are subject to statutory hold periods under Canadian securities laws (National Instrument 45-102) and Canadian Securities Exchange exchange hold requirements.

Notable Quotes

• "We are thrilled to have closed this private placement in such a short period of time with unprecedented support from our investors and partners. We are now in a very strong position to commence and deliver on our 2026 plan. Our strategic deliverables are set, and we look forward to communicating details and results in the near future." — Hratch Jabrayan, Chief Executive Officer