Galloper Gold Completes Debt Settlement

Executive Summary

• Galloper Gold Corp. settled a $65,000 debt owed to its CEO/director Hratch Jabrayan by issuing 1,000,000 common shares at a deemed price of $0.065 per share.
• The transaction is classified as a related‑party transaction under MI 61‑101; the company relied on exemption provisions for valuation and minority‑shareholder approval.
• Issued shares are subject to a statutory four‑month hold period following closing of the settlement.

Key Details

• Debt Settlement Amount: $65,000 (excluding GST).
• Shares Issued: 1,000,000 common shares at a deemed price of $0.065 per share.
• Creditor: Hratch Jabrayan – CEO and director; sole creditor in the transaction.
• Related‑Party Status: Transaction meets MI 61‑101 definition of a related‑party deal.
• Exemptions Relied Upon:
• Section 5.5(b) – “Issuer Not Listed on Specified Markets.”
• Section 5.7(a) – “Fair Market Value Not More than $2,500,000.”
• Statutory Hold Period: Shares subject to a four‑month hold period per securities legislation.
• Previous Disclosure: This issuance follows the company’s earlier news release dated November 19, 2025.

Notable Quotes

(No direct quotes were provided in the release.)