Business
1911 Gold Announces C$20 Million "Best Efforts" Life Offering and Private Placement
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STAT...
About this update from 1911 Gold Corp.
[{"type":"text","content":"1911 Gold Announces C$20 Million “Best Efforts” Life Offering and Private Placement\n\n\n\n / NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /\n \n\n VANCOUVER, British Columbia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (“\n \n 1911 Gold\n \n ” or the “\n \n Company\n \n ”) (TSXV:\n \n AUMB\n \n ; FRA:\n \n 2KY\n \n ) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“\n \n Haywood\n \n ”), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the “\n \n Agents\n \n ”), pursuant to which the Agents have agreed to sell, on a \"best efforts\" private placement basis, up to: (i) 8,065,000 “Canadian development expenses” flow-through units (the “\n \n CDE Offered Units\n \n ”) at a price of C$0.992 per CDE Offered Unit (the “\n \n CDE\n \n\n Issue Price\n \n ”); and (ii) 3,418,500 “Canadian exploration expenses” flow-through units (the “\n \n Tranche 1 CEE LIFE Units\n \n ”) at a price of C$1.104 per Tranche 1 CEE LIFE Unit (the “\n \n Tranche 1 CEE\n \n\n Issue Price\n \n ”) for aggregate gross proceeds to the Company from the sale of CDE Offered Units and Tranche 1 CEE LIFE Units of up to C$11,774,504 (the “\n \n LIFE\n \n\n Offering\n \n ”).\n \n\n Additionally, Haywood, on its own behalf and on behalf of the Agents, has agreed to sell, on a “best-efforts” private placement basis, up to: (i) 3,750,000 units of the Company (the “\n \n Non-FT Units\n \n ”) at a price of C$0.80 per Non-FT Unit (the “\n \n Non-FT Issue Price\n \n ”); (ii) 2,016,500 “Canadian exploration expenses” flow-through units (the “\n \n Tranche 1 CEE PP Units\n \n ” and together with the Tranche 1 CEE LIFE Units, the “\n \n Tranche 1 CEE Units\n \n ”)) at the Tranche 1 CEE Issue Price; and (iii) 2,315,000 “Canadian exploration expenses” flow-through units (the “\n \n Tranche 2 CEE Units\n \n ”) at a price of C$1.296 per Tranche 2 CEE Unit (the “\n \n Tranche 2 CEE\n \n\n Issue Price\n \n ”) for aggregate g...