Business
Gemdale Gold Announces Approval for Listing on the TSX Venture Exchange
VANCOUVER, BC / ACCESS Newswire / February 9, 2026 / Gemdale Gold Inc. (TSXV:GEMG) ("Gemdale" or the "Company") is pleased to announce that the common shares in
About this update from Gemdale Gold, Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / February 9, 2026 / Gemdale Gold Inc. (TSXV:GEMG) (\"Gemdale\" or the \"Company\") is pleased to announce that the common shares in the capital of the Company (the \"Common Shares\") have been approved for listing on the TSX Venture Exchange (the \"TSXV\") and will commence trading under the ticker symbol \"GEMG\" at the opening of the market on February 11, 2026. In connection with the listing, the Company's previously issued subscription receipts have automatically converted (without payment of additional consideration) into an aggregate of 4,276,550 units (each, a \"Unit\") at a price of C$1.00 per Unit for gross proceeds of C$4,276,550. Each Unit consists of one Common Share and one-half of one Common Share purchase warrant (each, a \"Warrant\"), with each whole such Warrant exercisable at a price of C$1.30 per Common Share for a period of 24 months from the date of issuance. The gross proceeds of the subscription receipt offering were held in escrow pending satisfaction of customary release conditions, which conditions have been satisfied and which proceeds have now been released to the Company. In connection with the financing, the Company paid a finder's fee to Leede Financial Inc. in the aggregate amount of C$15,660, payable upon the release of escrowed funds, and issued 15,660 broker warrants (the \"Broker Warrants\"), each exercisable to acquire one Common Share of the Company. \"Listing on the TSX Venture Exchange is an important milestone for Gemdale,\" said Patrick Chidley, Executive Chairman. \"It is a natural progression, following several years operating as a private company, during which Gemdale, together with its partners, has invested approximately C$13 million in advancing its mineral exploration properties, including ongoing exploration at the Company's flagship project, the Pontio Gold Project. We believe the listing will enhance our visibility and access to the public capital markets as we continue to advance our exploration programs. On behalf of the Board, I would like to thank our team, shareholders, advisors and partners for their support, as we move forward as a public company.\" Upon listing on the TSX Venture Exchange, the Company is expected to have 21,102,722 common shares issued and outstanding, of which 8,328,960 common shares will be subject to escrow or other ...