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1911 Gold Announces Upsize of Previously Announced "Best Efforts" Life Offering and Private Placement to C$17 Million
VANCOUVER, British Columbia, Sept. 19, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (“ ...
About this update from 1911 Gold Corp.
[{"type":"text","content":"1911 Gold Announces Upsize of Previously Announced “Best Efforts” Life Offering and Private Placement to C$17 Million\n\n\n\n VANCOUVER, British Columbia, Sept. 19, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (“\n \n 1911 Gold\n \n ” or the “\n \n Company\n \n ”) (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered into an amended and restated agreement with Haywood Securities (“\n \n Haywood\n \n ”), as lead agent, on its own behalf and on behalf of Velocity Capital Partners (together with Haywood, the “\n \n Agents\n \n ”), to amend the terms of its previously announced “best efforts” private placement and LIFE offering to increase the size of the offering to C$17 million (the “\n \n Upsized Offering\n \n ”).\n \n\n Under the terms of the Upsized Offering, the Agents have agreed to sell, on a \"best efforts\" private placement basis, up to: (i) 3,184,000 common shares which qualify as “flow-through shares” (within the meaning of the Tax Act) and qualify as “Canadian exploration expenses” as defined in the Tax Act (the “\n \n CEE LIFE Shares\n \n ”) at a price of C$0.64 per CEE LIFE Share (the “\n \n CEE\n \n\n Issue Price\n \n ”); and (ii) 14,802,000 common shares which qualify as “flow-through shares” (within the meaning of the Tax Act) and qualify as “accelerated Canadian development expenses” as defined in the Tax Act (the “\n \n CDE\n \n\n Offered\n \n\n Shares\n \n ”) at a price of C$0.554 per CDE Offered Share (the “\n \n CDE\n \n\n Issue Price\n \n ”) for aggregate gross proceeds to the Company from the sale of CEE LIFE Shares and CDE Offered Shares of up to C$10,238,068 (the “\n \n LIFE\n \n\n Offering\n \n ”).\n \n\n Additionally, the Agents have agreed to sell, on a “best-efforts” private placement basis, up to: (i) 6,889,000 common shares of the Company (the “\n \n Non-FT Shares\n \n ”) at a price per Non-FT Share of C$0.45 (the “\n \n Non-FT Issue Price\n \n ”); and (ii) 5,655,000 common shares which qualify as “flow-through shares” (within the meaning of the Tax Act) and qualify as “Canadian exploration...