Allegiant Gold Announces Closing of Fully Subscribed Non-Brokered Private Placement

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[{"type":"text","content":"Allegiant Gold Announces Closing of Fully Subscribed Non-Brokered Private Placement\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 Tonopah, Nevada –\n \n\n TheNewswire -\n \n\n June 26, 2025 - Allegiant Gold Ltd.\n(“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is\npleased to\n \n\n announce that further to its news\nrelease of June 2, 2025, it has closed its non-brokered private\nplacement (the \"\n \n\n Offering\n \n\n \") raising gross proceeds of\n$3,499,260 through the issuance of 19,440,332 units (“\n \n\n Unit\n \n\n ”) at a price\nof $0.18 per Unit.  Each Unit consists of one common share (each a\n“\n \n\n Common Share\n \n\n ”) and one-half of one Common Share purchase warrant (each\nwhole warrant, a “\n \n\n Warrant\n \n\n ”).\n \n\n\n\n Each Warrant entitles the holder to acquire an\nadditional Common Share at a price of $\n \n\n 0.28\n \n\n for a period of 12 months (the\n“\n \n\n Expiry Date\n \n\n ”) from the date of closing (the “\n \n\n Closing Date\n \n\n ”) of\nthe Offering,\n \n\n provided that in the event that\nthe closing price of the Company’s Common Shares on the TSX Venture\nExchange (the “\n \n\n Exchange\n \n\n ”) (or such other exchange on which\nthe Company’s Common Shares may become traded) is $0.70 or greater\nper Common Share during any ten (10) consecutive trading day period at\nany time subsequent to four months and one day after the Closing Date,\nthe Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day\nafter the date on which the Company provides notice of such\naccelerated expiry to the holders of the Warrants (the “\n \n\n Accelerated Expiry Provisions\n \n\n ”).\n \n\n\n\n Peter Gianulis, CEO of Allegiant\nGold\n \n\n , commented:\n \n\n “We are\nvery pleased to have closed this fully subscribed private placement\nfor $3.5 million from a select group of long-term supportive\nshareholders.  This financing will fund our drilling program at our\nflagship Eastside Gold-Silver project. A minimum of 7,000 metres is\nplanned to follow up on newly identified structures and existing\ntargets within the high-grade gold and silver zones. The Eastside\nproject current...

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