Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the “Company” or “Galloper”) is pleased to provide a corporate update as the Company continues to advance its assets in Newfoundland
GALLOPER EXPANDS MINERAL EXPLORATION CLAIMS
The Company has entered into a purchase agreement (the “Agreement”) with a third-party vendor to acquire additional mining claims in Newfoundland as part of its continued exploration efforts. Galloper will purchase four exploration licenses comprising 16 claims on Glover Island, paying the vendor CAD $45,000 in cash and issuing 800,000 common shares.
The additional claims on Glover Island are contiguous to Galloper’s current holdings at its flagship and drill-ready Glover Island Property.
GALLOPER PARTNERS WITH DAVID KEAN FOR INVESTOR RELATIONS
Galloper has enlisted the services of David Kean to provide investor relations (IR) services for the Company. The agreement spans an initial term of seven months, with a monthly fee of $3,500 plus applicable taxes. Additionally, Kean will receive stock options to purchase 100,000 common shares of Galloper Gold.
STOCK OPTIONS GRANTED
Galloper announces the granting of 3,500,000 stock options, with a significant portion allocated to directors, officers, and consultants of the Company. These options, priced at $0.12 per share, come with varying expiration dates and vesting provisions in accordance with the company’s equity incentive plan.
Furthermore, Galloper acknowledges the financial support of the Junior Exploration Assistance Program by the Government of Newfoundland and Labrador.
Galloper Gold Corp. focuses on mineral exploration in the Central Newfoundland Gold Belt, with properties on Glover Island and Mint Pond, both prospective for gold and base metals.
For more information, visit www.GalloperGold.com and the Company’s profile on SEDAR+.
Forward-Looking Statements: This news release contains forward-looking statements regarding various aspects of the Company’s operations. While believed to be reasonable, these statements are subject to inherent assumptions, risks, and uncertainties that may cause actual results to differ materially.
Disclaimer: The Canadian Securities Exchange and its Regulation Services Provider have not reviewed the content of this release.
SOURCE: Galloper Gold Corp.
View the original press release on accesswire.com
Additionally, it is worth noting that the acquisition of additional mining claims on Glover Island signifies Galloper’s commitment to expanding its exploration portfolio in Newfoundland, further establishing its presence in the region. The partnership with David Kean for investor relations highlights the Company’s focus on enhancing communication and engagement with stakeholders, a crucial aspect of maintaining transparency and building investor confidence. The grant of stock options not only incentivizes key personnel but also aligns their interests with the long-term success of Galloper Gold Corp., fostering a sense of ownership and dedication to achieving corporate goals.
