Galleon Gold Announces Issuance of Shares for Interest Payment on Convertible Debentures
Galleon Gold Announces Issuance of Shares
for Interest Payment on Convertible
Debentures
Toronto, Ontario--(Newsfile Corp. - November 21, 2025) -
Galleon Gold Corp.
(TSXV: GGO) (FSE:
3H90) (the "
Company
" or "
Galleon Gold
") announces that further to its news release of November 17,
2025, under the terms of the convertible debentures (the "Convertible Debentures") issued on April 12,
2024, April 19, 2024 and April 29, 2024 (
see news releases dated April 12, 19, 29, 2024
), it has
satisfied its obligation to pay an aggregate of $132,224.38 interest accrued by issuing 202,635
common shares (the "Common Shares") to the holders of the Convertible Debentures.
The Common Shares to be issued in respect of the Interest Payment will be subject to a hold period of
four months and one day ending March 25, 2026. The Company has received the final acceptance of the
TSXV.
About Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold
Project in Timmins, Ontario.
The Project is located 7 km northeast of Pan American Silver's Timmins
West Mine and 14 km southwest of Discovery Silver's Hollinger Mine.
The Company is gearing up for its
first test mining at West Cache. The 86,500-tonne underground bulk sample is designed to provide
valuable data for feasibility studies. Galleon Gold's strategy is to systematically derisk the Project while
continuing to grow the asset through grassroots exploration.
For further information:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
www.galleongold.com
Investor Relations
North Star Investor Relations
Graham Farrell
T. (416)-842-9003
Forward-Looking Statements
This news release contains certain "forward looking statements", as defined under applicable Canadian
securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to its long-
term strategy, proposed work, plans, bulk sample program and other reports including the PEA for its
projects.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions,
estimates and forecasts about the business and the markets in which Galleon Gold operates.
Some of
the statements contained herein may be forward-looking statements which involve known and unknown
risks and uncertainties.
Without limitation, statements regarding potential mineralization and resources,
exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements
that involve various risks.
The following are important factors that could cause Galleon Gold's actual
results to differ materially from those expressed or implied by such forward-looking statements: changes
in the world-wide price of mineral commodities, general market conditions and uncertainty of access to
additional capital, risks inherent in mineral exploration, delays in the receipt of government approvals,
risks associated with development, construction, mining operations and third party contractor activities,
risks related to unanticipated events related to health, safety and environmental matters. There can be no
assurance that forward-looking statements will prove to be accurate as actual results and future events
may differ materially from those anticipated in such statements.
Galleon Gold undertakes no obligation to
update such forward-looking statements if circumstances or management's estimates or opinions should
change.
The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/275542