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Galore Resources Inc

GRI.V

Latest Trade

0.02CAD

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52 Week Range

0.01

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0.03

As of on the TSX Venture Exchange ∙ Minimum 15 minute delay

Latest Developments

Galore Resources Inc Appoints New Chairman And New Director

Galore Resources Inc announced that Mr. Uwe Schmidt, the Company's President, has accepted a position on Galore's Board as a Director of the Company. Additionally, Mr. Michael McMillan, the Company's Chief Executive Officer and Director has been appointed as Chairman of the Company.

Galore Resources Inc Closes Private Placement

Galore Resources Inc announced that it has closed its non-brokered private placement offering originally announced on December 17, 2012. The total number of Units sold in the Offering were 907,500 Units priced at $0.10 per unit.

Galore Resources Inc Announces Up To $100,000 Financing

Galore Resources Inc announced a non-brokered private placement of up to 1,000,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of $0.20 per share for a period of one year from the date of closing of the financing. The proceeds of the offering will be used for a further exploration on the Company's gold projects in Mexico, and for general working capital. The private placement is subject to acceptance by the TSX Venture Exchange.

Galore Resources Inc Makes Changes To Management

Galore Resources Inc announced that appointment of Mr. Uwe Schmidt, P. Geo. as President of the Company. Mr. Schmidt was originally Galore's VP of Exploration from 2006, shortly before Galore began trading on the TSX-V, initially focusing on the development of the Company's Taseko Property and then on to expanding exploration into Mexico until July 2011.

Galore Resources Inc. Appoints New Chief Executive Officer

Galore Resources Inc. announced the appointment of Mr. Michael McMillan as the Company's new Chief Executive Officer (CEO). Mr. McMillan has been an active member of Galore's Board of Directors since September 23, 2011 as well as a strong supporter and shareholder for a number of years.

Galore Resources Inc. Closes Private Placement

Galore Resources Inc. announced that it has closed its non-brokered private placement offering of CDN750,000 announced on Wednesday May 2, 2012. The total number of securities issued in the financing consists of 7,500,000 Units priced at $0.10 per unit. Each unit (a Unit) consists of one common share and one share purchase warrant (Warrant). Each Warrant is exercisable into one additional common share at a price of $0.20 per share for a period of eighteen months, expiring November 24, 2013. The proceeds of the placement will be used to execute an exploration program that will include drilling on Galore's 100% owned Mexico-based Dos Santos project. Based on gold numbers and intercepts in 20 of 32 shallow holes announced in January of 2012 a more deep-drill exploration program at El Alamo will be the focus of the upcoming program. In addition, a portion of the proceeds will be used for general working capital.

Galore Resources Inc. Announces Property Acquisition

Galore Resources Inc. announced the acquisition of surface rights to 110 hectares of privately owned land known as Rancho Duraznillo that cover an important portion of the Dos Santos project Los Gemelos gold target. Galore's Dos Santos project in Zacatecas, Mexico, now holds, through the wholly-owned Mexico subsidiary Minerales Galore S.A. de C.V., 15,143 hectares of mineral rights. For these mineral rights, there are no further required option payments, royalties, or work commitments to third parties, except for those listed below to acquire Rancho Durarznillo, and for the annual assessment work required by the federal mining law.

Galore Resources Inc. Closes Financing

Galore Resources Inc. announced that it has closed its non-brokered private placement offering of $404,900 announced on November 4, and December 8, 2011. The total number of securities issued in the financing consists of 2,699,334 flow through common shares priced at $0.15 per share. The Company paid an 8% cash finder's fee to a finder in connection with $300,000 of the private placement. All securities issued by the Company in connection with the private placement are subject to a statutory hold period and may not be traded until April 16, 2012. Proceeds of the financing will be used to carry out an extensive exploration program on the Company's Taseko property in southwestern British Columbia. The Company has contracted Geotech Ltd. of Aurora, Ontario to complete a ZTEM airborne survey over key exploration targets on the property.

Galore Resources Inc. Announces Flow-Through Offering

Galore Resources Inc. announced a non-brokered private placement of up to 730,333 flow-through shares at $0.15 per share with an overallotment option of an additional 15%. Proceeds of the financing will be used to carry out an airborne survey on the Company's Taseko property in southwestern British Columbia. The Company has contracted Geotech Ltd. of Aurora, Ontario to complete a 920-line-kilometre ZTEM airborne survey over key exploration targets on its Taseko property. Geotech Ltd.'s ZTEM system relies upon the naturally occurring electromagnetic fields as the source electromagnetic field. The airborne sensor measures the low-frequency response to this source field and through data processing, maps the resistive highs and lows to depths greater than one kilometer.

Galore Resources Inc. Commences Drill Program On Dos Santos

Galore Resources Inc. announced the commencement of drilling at El Alamo and Los Gemelos. Both projects are gold prospects on the Company's Dos Santos property, located in northern Zacatecas State, Mexico, in the Mazapil - Camino Rojo trend of the Concepcion del Oro mining district. Galore has rented a conventional track drill to minimize construction access difficulties in steep terrain at El Alamo and to execute the drilling independently and cost effectively. The El Alamo program is designed to test beneath, and around previously announced trench results. The program will be executed using close-spaced drill holes on 30-metre spacing and up to 30 metres deep. The drilling is intended to determine the shape and size of the potential deposit beneath the surface and to better define deeper drill targets.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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