The Ottawa junior mining firm will issue up to two million flow-through units at $0.15 each, with each one including a common share and a warrant to purchase another common share.
Galahad has raised well over a million dollars in private placements in the past year, with its latest request being $450,000 in January.
The company has four projects: Regcourt, Que., Bottle Creek, Nev., Montrose, Ont. and Kellyn, Ont.
It plans to spin the Nevada gold-mining project into a stand-alone, publicly listed company in British Columbia.