Galloper Gold Corp. Continues Private Placement to Fund Glover Island Asset

Galloper Gold Corp ( (TSE:BOOM) ) has shared an update.

Galloper Gold Corp. has announced the continuation of its non-brokered private placement, aiming to close the second tranche by March 18, 2025. The funds raised will be used to advance the company’s Glover Island asset and cover general administrative expenses, including marketing and investor relations, with the securities subject to a holding period and requiring CSE approval.

More about Galloper Gold Corp

Galloper Gold Corp. is engaged in mineral exploration within the Central Newfoundland Gold Belt, focusing on its Glover Island and Mint Pond properties, which are promising for gold and base metals. The company’s Glover Island Property includes the historically significant Lucky Smoke gold occurrence and spans 532 mining claims over 13,300 hectares, while Mint Pond consists of 499 claims covering 12,475 hectares.

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Technical Sentiment Consensus Rating: Strong Buy

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