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Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) (the "Company" or "Galloper") announces that, further to its news release of June 27, 2025, it has closed its non-brokered private placement issuing 5,000,000 common shares of the Company ("Shares") at a price of $0.05 per Share for aggregate gross proceeds of $250,000 (the "Private Placement") with Dundee Precious Metals Inc. (", Dundee", ("Dundee" - TSX:DPM).
The Company did not pay any finder's fees or commissions in connection with the Private Placement.
The Company will utilize the proceeds from the Private Placement to fund exploration activities on it's flagship Glover Island property, to be commenced in Q3 2025 as well as funding the working capital needs of the Company.
All securities issued under the Private Placement to Dundee are subject to statutory hold periods expiring four months from the date of closing of the Private Placement.
Posted In: BOOM
