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1911 Gold Announces Upsize of Previously Announced “Best Efforts” Life Offering and Private Placement to C$17 Million
1911 Gold Corporation aims to use net proceeds from its C$13 million private placement to fund exploration and development expenses by end of 2026, supporting corporate growth plans.
- On September 19, 2025, 1911 Gold Corporation announced an agreement with Haywood Securities to sell common shares in a "best efforts" private placement in Vancouver, British Columbia.
- The placement intends to raise up to C$12,969,635 by issuing a mix of common shares, including Non-Flow-Through shares, flow-through shares allocated to Canadian exploration expenses, and flow-through shares designated for accelerated Canadian development expenses, to qualified investors under applicable exemptions in Canada and the United States.
- The proceeds will fund exploration of a 61,647-hectare land package, including the True North complex in Manitoba, located within the Hollow Water First Nation traditional territory.
- Haywood will sell shares at prices of C$0.45, C$0.64, and C$0.554 per share, with up to 6,070,300 PP Non-FT Shares raising C$2,731,635, and the Company will pay a 6% cash commission to agents.
- The Offering is anticipated to finalize on or around October 15, 2025, pending TSXV approval, with the required expenditures to be made and renounced by December 31, 2026.
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1911 Gold Announces C$13 Million 'Best Efforts” Life Offering and Private Placement
VANCOUVER, British Columbia, Sept. 19, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation ('1911 Gold” or the 'Company”) (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. ('Haywood”), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the 'Agents”), pursuant to which the Agents have agreed to sell, on a 'best …
·Manila, Philippines
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Total News Sources9
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
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