Galloper Gold Corp. Announces Private Placement

Galloper Gold Corp. has announced a non-brokered private placement involving up to 3,658,537 units priced at $0.041 each, aiming for gross proceeds of $150,000. Each unit includes one common share and half a purchase warrant, enabling the holder to buy one common share at $0.05 within a year.

The private placement awaits approval from the Canadian Securities Exchange and involves statutory hold periods enforced for four months plus one day post-closing. The net proceeds will be directed toward general working capital needs, while no subsequent tranches of previous placements at $0.05 per unit will proceed.

The securities will not be offered or sold in the United States without appropriate registration or exemption, affirming compliance with regulatory standards.