Business
Allegiant Announces Closing Of $10.5M Financing with Kinross Gold as Lead Investor
(TheNewswire) Company Now Fully Funded to Advance Eastside Over Next 2-3 Years Tono...
About this update from A2 Gold Corp.
[{"type":"text","content":"Allegiant Announces Closing Of $10.5M Financing with Kinross Gold as Lead Investor\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Company Now Fully Funded to Advance\nEastside Over Next 2-3 Years\n \n\n\n\n Tonopah, Nevada / September 5, 2025\n–\n \n\n TheNewswire -\n \n\n Allegiant Gold Ltd. (“Allegiant” or the\n“Company”) (AUAU: TSX-V) (AUXXF: OTCQX)\n \n\n is\npleased to announce the successful closing of its previously announced\nnon-brokered private placement (the “Offering”) of\n \n\n C$10.5 million\n \n\n , led\nby existing shareholder Kinross Gold Corporation (“\n \n\n Kinross\n \n\n ”). As a\nresult of the financing, Kinross has increased its equity ownership to\n \n\n 9.9%\n \n\n of\nthe Company on a partially diluted post-financing basis.\n \n\n\n\n\n\n The Offering consisted\nof the issuance of\n \n\n 21,000,000\nunits\n \n\n (the “\n \n\n Units\n \n\n ”) at a price\nof\n \n\n C$0.50 per Unit\n \n\n . Each Unit consists of one common share (a “\n \n\n Common Share\n \n\n ”) and\none-half of one Common Share purchase warrant (each whole warrant, a\n“\n \n\n Warrant\n \n\n ”). Each Warrant entitles the holder to acquire an\nadditional Common Share at a price of\n \n\n C$0.70\n \n\n for a period\nof\n \n\n 18 months\n \n\n from the date of issuance. All securities issued are subject\nto a\n \n\n 12-month voluntary hold\nperiod\n \n\n . (the “\n \n\n Closing Date\n \n\n ”)\n \n\n ,\n \n\n provided\nthat in the event that the closing price of the Company’s Common\nShares on the TSX Venture Exchange (the “\n \n\n Exchange\n \n\n ”) (or such\nother exchange on which the Company’s Common Shares may become\ntraded) is CDN$1.00 or greater per Common Share during any ten (10)\nconsecutive trading day period at any time subsequent to four months\nand one day after the Closing Date, the Warrants will expire at 4:00\np.m. (Vancouver time) on the 30th day after the date on which the\nCompany provides notice of such accelerated expiry to the holders of\nthe Warrants (the “\n \n\n Accelerated Expiry Provisions\n \n\n ”).\n \n\n\n\n All securities\n \n\n issued in\nconnection with the Offering are subject to a four-month statutor...