Galloper Gold arranges $1.5-million private placement

Executive Summary

• Galloper Gold Corp. has announced a non-brokered private placement of up to 25 million units at $0.06 per unit, raising up to $1.5 million in gross proceeds.
• Each unit includes one common share and one common share purchase warrant exercisable at $0.09 per share for a period of three years.
• A strategic investor has committed to participating with up to $250,000, with net proceeds designated for the 2026 exploration program and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 25,000,000 units.
• Price Per Unit: $0.06 CAD.
• Gross Proceeds: Up to $1,500,000 CAD.
• Warrant Terms: Each unit includes one common share purchase warrant; each warrant is exercisable to purchase one additional common share at an exercise price of $0.09 CAD.
• Warrant Expiry: Three years from the date of issuance.
• Strategic Investment: A strategic investor has committed to participating for up to $250,000 CAD.
• Use of Proceeds: Commencement of the company's 2026 exploration program and general working capital purposes.
• Regulatory Status: Subject to approval by the Canadian Securities Exchange (CSE) and subject to statutory hold periods under Canadian securities laws.
• Finder's Fees: The company may pay finders' fees to eligible finders in accordance with applicable securities laws and CSE policies.