Galleon Gold Announces CAD 20 Million Bought-Deal Private Placement

Bitget2026/10/19 11:37

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Galleon Gold announced a CAD 20 million bought-deal private placement and a concurrent CAD 4.75 million non-brokered placement with Pan American Silver.
The bought deal includes 4,717,000 flow-through shares at CAD 1.59 per share, raising approximately CAD 7.5 million.
Another 11,160,700 common shares are priced at CAD 1.12; an over-allotment option could raise an additional CAD 3 million.
Pan American will buy 4,241,071 common shares at CAD 1.12; both offerings are expected to close November 3, 2026.
Proceeds will fund exploration and advancement of the West Cache Gold Project in Ontario, alongside working capital and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galleon Gold Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202610190731CANADANWCANADAPR_C5845) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Galleon Gold Announces CAD 20 Million Bought-Deal Private Placement

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