Galleon Gold Corp - Mining Stock Analysis & Updates

Galleon Gold Commences Site Preparation for West Cache Bulk Sample Project

Galleon Gold Receives Closure Plan Approval for West Cache Gold Project

Galleon Gold Corp. announced approval for an advanced exploration bulk sample program at its West Cache Project in Ontario, allowing extraction of 86,500 tonnes of gold ore. This milestone will provide crucial data for pre-feasibility studies and reduce project risks.

Galleon Gold Expands Timmins Land Position

Galleon Gold Corp. has agreed to acquire 66 mineral claims in Godfrey and Bristol Townships, expanding its West Cache Gold Project in Timmins, Ontario. The deal involves issuing 100,000 common shares for a 100% interest in the claims, pending approval.

Galleon Gold Corporate Update

Galleon Gold Corp. has submitted its West Cache Project Closure Plan and Financial Assurance to the Ministry of Mines. Additionally, the company granted 1,260,000 stock options and invites investors to its booth at the PDAC event from March 2-5, 2025.

Galleon Gold Receives Invitation to Submit Closure Plan for West Cache Project Bulk Sample Program

Galleon Gold Corp. has received an invitation from the Ministry of Mines to submit a Closure Plan for a Bulk Sample at its West Cache Gold Project. This plan includes project details, financial assurance for land restoration, and aims for responsible development and community engagement.

Galleon Gold Issues Shares for Interest Payment on Convertible Debentures

Toronto-based Galleon Gold Corp. has fulfilled its obligation to pay $163,742.47 of accrued interest by issuing 564,796 common shares to the holders of its Convertible Debentures. The newly issued shares will be subject to a hold period until March 19, 2025. Some of the debenture holders are insiders and officers of the company, making this a related party transaction. However, the transaction is exempt from certain requirements as it doesn't exceed 25% of the company's market capitalization. Galleon Gold is primarily engaged in exploring and developing the West Cache Gold Project in Timmins, Ontario.

Galleon Gold Announces Interest Payment on Convertible Debentures

Galleon Gold Corp. has decided to issue common shares to satisfy its obligation to pay interest accrued under the terms of the convertible debentures issued in April 2024. This issuance of shares, which is subject to the approval of the TSX Venture Exchange, will be in lieu of delivering fractional common shares or paying cash. The interest accrued on the debentures, totaling $110,722.61, will be covered by issuing 377,588 common shares to the debenture holders. A company insider holds some of these debentures, making this a related party transaction, but it is exempt from certain requirements due to regulations.

Galleon Gold Corp Presentation Update - 2025-04-25 - Galleon Gold Corp:...

Galleon Gold's update includes minor, non-material adjustments; overall financial, resource, and project details remain unchanged, indicating stability.