Headwater Gold Completes Strategic Private Placement Led by Rick Rule, Jeff Phillips, and Centerra Gold

About this update from Headwater Gold, Inc.

[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - August 29, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the \"Company\" or \"Headwater\") is pleased to announce that further to its news release of August 14, 2025, the company has completed a non-brokered private placement (the \"Offering\") to raise gross proceeds of up to $1,000,000 through the sale of up to 3,333,333 units (each, a “Unit”) of the Company at a price of $0.30 per Unit. The financing was led by prominent North American natural resource investors Rick Rule and Jeff Phillips with participation from Centerra Gold Inc. (“Centerra”), which elected to maintain its 9.9% interest in the Company following its initial investment announced September 17, 2024.   Caleb Stroup, President and CEO of the Company, states: “We are very pleased to close this financing with the continued support of Rick Rule, Jeff Phillips and Centerra. Their participation represents a strong endorsement of our team, business model, and vision. With this funding now secured, we are well positioned to accelerate our generative exploration activities across the Western U.S. and continue advancing our pipeline of high-quality gold projects.” The proceeds from the Offering will be used to support ongoing project generation, exploration at the Company’s 100% owned gold projects in the Western United States, and general working capital. Each Unit consists of one common share (each, a “Share”) and one non-transferable share purchase warrant (each, a “Warrant”) exercisable into one further Share at a price of $0.50 for a period of 36 months. The Shares are subject to a one (1) year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. Fifteen (15) months after the closing date, the Company will have the right to accelerate the expiry date of the Warrants (the \"Acceleration\") if the weighted average closing price of the Company's common shares on the Canadian Securities Exchange (the “CSE”) equals or exceeds C$0.75 for 20 consecutive trading days (the \"Acceleration Event\"). Upon the occurrence of the Acceleration Event, the expiry date of the Warrants will then be 30 days from the date of issue of a news release announcing the Acceleration. No finders’ fees were paid in connection with the Offering. The offered se...

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