Galloper Gold Announces Upsize of Non-Brokered Private Placement to $2,500,000

Executive Summary

• Galloper Gold Corp. increased its non‑brokered private placement size from $1.5 M to $2.5 M, offering up to 41,666,667 units at $0.06 per unit.
• Each unit consists of one common share and one warrant (exercisable at $0.09 per share for three years).
• Shareholder approval (>51% consent) was obtained; net proceeds will fund the 2026 exploration program and general working capital.

Key Details

• Private Placement Size: Raised to $2,500,000 (up from $1,500,000).
• Units Offered: Up to 41,666,667 units at $0.06 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price $0.09 per share; exercisable for three (3) years from issuance.
• Shareholder Approval: Obtained written consent of a majority (>51%) of shareholders, satisfying CSE policy for issuances exceeding 100% of fully‑diluted shares outstanding.
• Use of Proceeds: To commence the 2026 exploration program (including work on the Glover Island asset) and for general working capital purposes.
• CEO Comment: Hratch Jabrayan highlighted strong investor demand driven by excitement over the Glover Island property and favorable gold price outlook, describing the raise as “the right decision for Galloper Gold and our investors.”

Notable Quotes

“The unprecedented demand to participate in Galloper Gold's current raise, in particular due to the excitement surrounding the Glover Island asset and the potential upside it offers investors, and the forecast for gold prices, has allowed us to conclude that this is the right decision for Galloper Gold and our investors.” – Hratch Jabrayan, CEO & Director

(All boilerplate, safe‑harbor language, and U.S. distribution notices have been omitted.)