Business
Big Gold Closes Upsized Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - Big Gold Inc. (CSE: BG) (FSE: H7L) (the "Company" or "Big Gold") is pleased to announce the closing of its non-brokered private placement (the "Offering"), which was upsized due to strong investor demand. The Offering was a Listed Issuer Financing Exemption ("LIFE") Offering, whereby Big Gold issued 13,750,000 non-flow-through Hard units (the "HD Units") for gross proceeds of $550,000 at a price of $0.04 per HD Unit, and 2,222,222...
About this update from Big Gold, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - Big Gold Inc. (CSE: BG) (FSE: H7L) (the "Company" or "Big Gold") is pleased to announce the closing of its non-brokered private placement (the "Offering"), which was upsized due to strong investor demand.","length":291,"tagName":"p"},{"type":"text","content":"The Offering was a Listed Issuer Financing Exemption ("LIFE") Offering, whereby Big Gold issued 13,750,000 non-flow-through Hard units (the "HD Units") for gross proceeds of $550,000 at a price of $0.04 per HD Unit, and 2,222,222 flow-through units (the "FT Units") for gross proceeds of $100,000 at a price 0f $0.045 per FT Unit.","length":360,"tagName":"p"},{"type":"text","content":"Each HD Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.075 per Share.","length":395,"tagName":"p"},{"type":"text","content":"Each FT Unit will be comprised of one common share in the capital of the Company (a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each full Warrant will entitle the holder thereof to purchase one Common Share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.075 per Share.","length":401,"tagName":"p"},{"type":"text","content":"Each FT Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act").","length":160,"tagName":"p"},{"type":"text","content":"The entire gross proceeds from the FT Shares will be used for Canadian Exploration Expenses as such term is defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act, and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through mining expenditures", and "Ontario flow-through mining expenditures" as defined in subsection 103(4...