Galloper Announces Continuation of Private Placement
2700, 1133 Melville St.
V6E 4E5 - Vancouver, B.C.
GalloperGold.com BOOM: CSE
Phone: 778-655-9266, [email protected]
Galloper Announces Continuation of Private Placement
VANCOUVER, British Columbia, February 20, 2025 - Galloper Gold Corp. (CSE: BOOM; OTC: GGDCF)
(the “Company” or “ Galloper”) further to its news releases of January 14, 2025 and January 28, 2025,
confirms it is continuing with its non-brokered private placement (the “Private Placement”) of units (“Units”)
and expects to close the second tranche by March 18, 2025. The Company closed the first tranche of the
Private Placement on January 27, 2025, issuing 4,000,000 Units and raising gross proceeds of $200,000.
Each Unit consists of one common share (a “ Common Share”) and one-half of a Common Share purchase
warrant (a “Warrant”), with each full Warrant exercisable to purchase one Common Share at a price of $0.075
for 12 (twelve) months from the date of issuance.
The Company may pay finders’ fees to eligible finders, in accordance with applicable securities laws and the
policies of the Canadian Securities Exchange (“CSE”). The Private Placement is subject to approval of the
CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring
four months and one day from the date of closing of the Private Placement.
The Company intends to use the net proceeds of this financing to advance its Glover Island asset, for general
and administrative expenses which will include funds for marketing and investor relations, and cash for
working capital.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable exemption from the registration
requirements. This news release shal l not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Galloper Gold Corp.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and
Mint Pond properties, each prospective for gold and base metals. The Glover Island Property, where the historic
Lucky Smoke gold occurrence was recently expanded through drilling, consists of 532 mining claims totaling
13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.
For more information please visit www.GalloperGold.com and the Company’s profile on SEDAR+ at
www.sedarplus.ca.
On behalf of the Board of Directors,
Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.
Company Contact:
Tel: 778-655-9266
2
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words
“anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar
expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements
because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and
conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those cur rently
anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and
risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future
metals prices and the other risks described in the Company’s publicly filed disclosure.
Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order
to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance
or achievement could differ materially from those expressed in, or impli ed by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do
so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and,
other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or results or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.