Galleon Gold to Raise CA$12.5 Million in Private Placement And CA$4.75 Million Financing With Pan American Silver

01:15 PM EDT, 10/19/2026 (MT Newswires) -- Galleon Gold (GGO.V) plans to raise up to CA$12.5 million through a private placement financing made up of flow-through and hard-dollar shares, the company said on Monday. Galleon Gold will sell 4.7-million flow-through shares priced at CA$1.59 each and 11.2 million hard-dollar shares at CA$1.12 each. The underwriters have been granted an over-allotment option to buy up to CA$3 million worth of hard-dollar shares. The company also announced a concurrent CA$4.75 million private placement to Pan American Silver (PAAS.TO) at CA$1.12 per share. The offerings are expected to close on Nov. 3. Galleon Gold said it is advancing the West Cache Gold Project in Timmins, Ontario. Galleon Gold shares were last seen down CA$0.05 at CA$1.17 on the TSX Venture Exchange. Price: 1.17, Change: -0.05, Percent Change: -4.10