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GlobeNewswire·

1911 Gold Announces Upsize of Previously Announced Bought Deal Financing to $31 Million

AUMBF
  • 1911 Gold Corporation amended its agreement with Haywood Securities Inc. to increase its bought deal offering size to $31,000,000.
  • The syndicate of underwriters includes Haywood Securities Inc., BMO Capital Markets, Roth Canada Inc., & Velocity Trade Capital Ltd.
  • The offering consists of 7,812,500 Units at $0.64 per unit, 12,610,400 Canadian development expenses flow-through units at $0.793 per unit, & a combination of three tranches of Canadian exploration expenses flow-through units priced at $0.864, $1.011, & $0.752 per unit respectively.
  • Each standard unit & flow-through unit comprises one common share & one-half of a common share purchase warrant exercisable at $1.00 for 24 months.
  • The Company granted the underwriters an over-allotment option to purchase up to an additional 15% of the offering for 30 days post-closing.
  • The offering will be made via a short form prospectus filed in all Canadian provinces except Quebec, with US sales restricted to private placement exemptions.
  • Net proceeds will fund ongoing exploration & development of the True North Gold Project, technical studies, & working capital.
  • The closing of the Upsized Offering is scheduled for or about July 14, 2026, subject to TSX Venture Exchange & regulatory approvals.
  • 1911 Gold operates the 100%-owned True North Gold Project in Manitoba & aims to restart operations in 2027.