Galloper Gold Corp. Completes Private Placement

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has finalized its non-brokered private placement, generating gross proceeds of $142,763. The company issued 3,482,024 units at $0.041 per unit. Each unit includes one common share and a half warrant, with full warrants exercisable at $0.05 per share for 12 months from issuance.

Ventum Financial Corp. received finder's fees of $2,601.04 in cash and 63,440 non-transferable finder’s warrants, exercisable under the same conditions. Galloper plans to allocate the net proceeds for general working capital.

Securities from this placement are under a four-month statutory hold period and are not registered under the U.S. Securities Act of 1933. The company clarified that the release does not constitute an offer for sale in any jurisdiction where it would be illegal.