Galloper Gold Clears $65K Debt With New Shares as Drilling Results Loom
Galloper Gold Corp. has settled a debt of $65,000 by issuing new shares. The company, listed on the CSE as BOOM and on the OTC as GGDCF, also recently finished a diamond drilling program at its Donald Glover Island site. Results from the drilling are still awaited.
The debt settlement involved the release of 1,000,000 common shares at a price of $0.065 each. These shares will remain under a four-month hold period before trading can begin.
The newly issued shares will help clear the $65,000 debt, though they cannot be traded for four months. Meanwhile, the company awaits findings from its Donald Glover Island drilling program. These results could influence future exploration plans in the region.
