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Avidian Gold Announces Non-Brokered Private Placement for Gross Proceeds of up to $750,000
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Gold Announces Non-Brokered Private Placement for Gross Proceeds of up to $750,000THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESS Newswire / March 24, 2026 / Avidian Gold Corp. (\"Avidian\" or the \"Corporation\") (TSXV:AVG) is pleased to announce that it intends to complete a non-brokered private placement for maximum aggregate gross proceeds of up to approximately $750,000 (the \"Offering\").The Offering will consist of the sale of up to 5,769,231 units of the Corporation (the \"Units\") at a price of $0.13 per Unit. Each Unit will be comprised of one common share of the Corporation (each, a \"Share\") and one half of one common share purchase warrant of the Corporation (each whole such warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase an additional Share of the Corporation (a \"Warrant Share\") at an exercise price of $0.25 per Warrant Share for 36 months from the closing of the Offering.The Corporation reserves the right to increase the size of the Offering by up to approximately 25% of the size of the Offering (the \"Upsize Option\") pursuant to which the Corporation may offer for sale up to 1,442,308 additional Units for additional gross proceeds of up to approximately $187,500. The Upsize Option may be exercised in whole or in part in the Corporation's sole discretion at any time up to the closing of the Offering. If the Offering is fully subscribed and the Upsize Option is exercised in full, the total gross proceeds of the Offering is expected to be approximately $937,500 and the total number of Units that will be issued is 7,211,539 Units.The Corporation intends to use the proceeds of the Offering for exploration at the Corporation's mineral properties and for general corporate and working capital purposes.The Offering is scheduled to close on or about April 15, 2026 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange (\"TSXV\"). The Corporation may pay finders fees to eligible finders in connection with the Offering in accordance with the policies of the Exchange. All securities to be issued and issuable pursua...