Galleon Gold Corp. reports that under the terms of the convertible debentures issued on April 12, 2024, April 19, 2024 and April 29, 2024 it has elected to satisfy its obligation to pay interest accrued by issuing common shares . Under the terms of the Convertible Debentures, no fractional Common Shares will be delivered upon payment of the interest obligation. The Common Shares will be priced based on the greater of the [...]
Galleon Gold Corp. regrets to announce the passing of Chief Operating Officer Timothy G. Smith. With over 30 years of experience in the mining industry, he was an invaluable member of the Galleon Gold team providing technical leadership and pragmatic guidance since 2021. Mr. David Russell comments, "Having worked with Tim on many projects over the past two decades, there is no one I trusted more for technical and [...]
Galleon Gold Corp. is pleased to announce that all of the resolutions put forth at the Annual and Special Meeting of Shareholders held on May 28, 2024 were approved. At the Meeting, shareholders elected the following directors to hold office for the ensuing year: R. David Russell, Thomas Kofman, James T. O'Neil Jr., Mario Colantonio, Gerhard Merkel, Michael Hobart and Richard F. Nanna. Shareholders also approved [...]
Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 250 debenture units issued by Galleon Gold Corp. pursuant to a private placement for aggregate consideration of $250,000. This acquisition represents an increase in holdings of approximately 2.1% of the outstanding common shares of Galleon Gold on a partially diluted basis since the date of the last early warning [...]
Galleon Gold Corp. is pleased to announce that, further to its press release on April 16, 2024, it has closed a non-brokered private placement offering of convertible debenture units at a price of $1,000 per Debenture Unit for aggregate gross proceeds of C$1,410,000 from the issuance of 1,410 Debenture Units. The Offering Each Debenture Unit consists of $1,000 in principal of convertible debentures and 3,030 common share [...]
Galleon Gold Corp. is pleased to announce that it has closed a second and final tranche of a non-brokered private placement offering of convertible debenture units at a price of $1,000 per Debenture Unit. The second tranche consists of 1,968 Debenture Units for proceeds of C$1,968,000. Aggregate gross proceeds from the first tranche and together with the second tranche , are C$3,000,000 from the issuance of 3,000 [...]
Galleon Gold Corp. is pleased to announce that the non-brokered private placement of convertible debentures disclosed on April 12, 2024 is fully subscribed. The Company expects to close the second and final tranche of the Financing on or around April 19, 2024. Due to additional interest in the Financing, the Company announces that it has initiated a new financing for gross proceeds of up to C$1,500,000 . The Offering Each [...]
Galleon Gold Corp. is pleased to announce that it has closed a first tranche of a non-brokered private placement offering of convertible debenture units at a price of $1,000 per Debenture Unit for gross proceeds of C$1,032,000 . The first tranche consists of the sale of 1,032 Debenture Units. The Offering Each Debenture Unit consists of $1,000 in principal of convertible debentures and 3,030 common share purchase warrants [...]
Galleon Gold Corp. is pleased to announce excellent results from recent metallurgical test work performed on a composite sample representative of the material to be mined from the Company's planned 86,500 tonne exploration bulk sample. The Study was undertaken to evaluate gold recoveries from flotation and gravity-flotation methods. In contrast, the Company's 2021 metallurgical work investigated cyanidation [...]
Galleon Gold Corp. is pleased to announce it has received a new Exploration Drilling Permit from the Ontario Ministry of Mines, Mineral Development Branch for its 100% owned West Cache Gold Project in Timmins, Ontario. From 2020 to 2023, under the old permit, the Company completed 227 drill holes for a total of 50,885 meters. This new permit increases the exploration area to approximately 3,200 hectares and covers the [...]
Galleon Gold Corp. is pleased to announce that, subject to regulatory approval, it has engaged the services of ICP Securities Inc. to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable [...]
West Cache Gold Project Moves Towards Bulk Sample Program Galleon Gold Corp. is pleased to outline its plans for 2024 as the Company embarks upon its advanced exploration activities at its flagship West Cache Gold Project in Timmins, Ontario . Comment from CEO David Russell, President and CEO of Galleon Gold commented, "From a capital markets perspective 2023 was a challenging year for the junior mining sector, and while [...]