Business
Forge Resources Closes Brokered Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("Forge" or the "Company") is pleased to announce the initial closing of the Company's previously announced "best efforts" private placement offering. Further to its press release on February 18, 2026, the Company has issued an aggregate of 6,687,000 units (the "Units") at a price of $0.50 per Unit for aggregate gross proceeds of $3,343,500 (the "Offering"). The Offering...
About this update from Forge Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("Forge" or the "Company") is pleased to announce the initial closing of the Company's previously announced "best efforts" private placement offering. Further to its press release on February 18, 2026, the Company has issued an aggregate of 6,687,000 units (the "Units") at a price of $0.50 per Unit for aggregate gross proceeds of $3,343,500 (the "Offering").","length":538,"tagName":"p"},{"type":"text","content":"The Offering was completed by Ventum Financial Corp. (the "Agent"), as lead agent and sole bookrunner.","length":112,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company for a period of 3 years expiring March 27, 2029, at an exercise price of $0.75 per share. The Units sold under the Offering were issued in reliance on the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the "LIFE Exemption"), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, and are not subject to any statutory hold period pursuant to applicable Canadian securities laws.","length":873,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering will be used as described under the Company's amended and restated offering document dated February 24, 2026, available under the Company's profile online at SEDAR+ (www.sedarplus.ca).","length":227,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid a cash commission equal to 7.0% of the Offering and compensation options (the "Compensation Options") equal to 7.0% of the Offering to the Agent. The Compensation Options entitle the holder to acquire one Unit at a price of $0.50 per Unit for a period of 3 years, expiring March 27, 2029.","length":348,"tagName":"p"},{"type":"text","cont...