Galloper Gold Announces Proposed Debt Settlement

Core Points - Galloper Gold Corp. intends to complete a debt settlement by issuing 1,000,000 common shares at a deemed price of $0.065 per share to settle debts totaling $65,000 [1] - The shares issued will be subject to a statutory hold period of four months following the closing of the debt settlement [2] Company Overview - Galloper Gold Corp. is focused on mineral exploration in the Central Newfoundland Gold Belt, with its flagship Glover Island Property located 24 km southeast of Corner Brook and the Mint Pond prospect in the Gander area [3] - The company recently completed its first diamond drilling program at Glover Island since 2012, having completed six holes with results pending [3]