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Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private Placement
All dollar amounts are in Canadian dollars ("$") unless otherwise indicated Financing Highlig...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private PlacementAll dollar amounts are in Canadian dollars (\"$\") unless otherwise indicatedFinancing Highlights$115,898,301 Total Financing Package by way of non-brokered private placement with three strategic partners:$93,288,301 Charity Flow Through Offering: AngloGold Ashanti and an unnamed strategic investor will acquire 58,992,945 and 16,666,666 common shares, respectively, from various sellers in connection with a charity flow-through offering. The offering comprises an aggregate of 75,659,611 Charity Flow-Through Shares priced at $1.233 per share, representing a 37% premium to the agreed back-end price of $0.90 per share. Upon closing AngloGold Ashanti will hold a 9.9% equity interest in the Company.$22,610,000 Unit Offering: Michael Hess, Chief Investment Officer of Hess Capital, will acquire 23,800,000 units at a price of $0.95 per unit for a total consideration of $22,610,000. Each unit is comprised of one common share of Gold X2 and one common share purchase warrant of Gold X2 exercisable at $1.42 at any time prior to January 27, 2028. Hess Capital will provide consulting services to Gold X2.Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) (\"Gold X2\" or the \"Company\"), is pleased to announce a non-brokered strategic investment package for $115,898,301 consisting of 75,659,611 charity flow-through common shares of the Company (the \"Charity FT Shares\") and 23,800,000 units of the Company (the \"Units\"). The Company also announces changes to its Board of Directors, with Tom Obradovich appointed Chair of the Board and Brett Richards retiring from the Board.Michael Henrichsen, CEO of Gold X2 commented: \"We are very pleased to welcome AngloGold Ashanti and Hess Capital as future strategic shareholders in the Company. Both AngloGold Ashanti and Gold X2 have a shared vision of growing the Moss Gold Project into Canada's next Tier One gold producing asset. In addition, we are thrilled to have Michael Hess as a strategic investor as he brings expertise in the natural resource sector as both an investor and operator. We look forward to working with Michael as the Company looks to expand its capital markets presence.With the release of the PEA ...