Galloper Gold Corp. announced a non-brokered private placement of 9,375,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 750,000 on May 23, 2024. Each unit will consist of one common share in the capital of the Company and one-half of one nontransferable common share purchase warrant.

Each whole warrant will be exercisable to acquire one share at an exercise price of CAD 0.15 per share for a period of 24 months from the date of issuance, subject to an acceleration right. Certain insiders of the company may acquire units in the offering. The common shares and warrants will be subject to a statutory hold period of four months and one day from the date of issuance of the units.

Finder?s fees to third parties may be paid in certain circumstances as part of the offering, as permitted by the policies of the Canadian Securities Exchange and in accordance with applicable securities laws.