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Highway 50 Gold : Completes Final Tranche of Non-Brokered Private Placement of Units
Highway 50 Gold : Completes Final Tranche of Non-Brokered Private Placement of
About this update from Highway 50 Gold Corp.
[{"type":"text","content":"\n Highway 50 Gold Completes Final Tranche of Non-Brokered Private Placement of Units\n July 7, 2025View PDF\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.\n Vancouver, British Columbia - Highway 50 Gold Corp. (TSX.V - HWY)\n July 7, 2025\n Highway 50 Gold Corp. (the \"Company\") is pleased to announce that it has closed the final tranche (the \"Final Tranche\") of its previously announced non-brokered private placement (the \"Offering\") and raised aggregate gross proceeds of $1,043,749.80 through the issuance of 3,479,166 units (each, a \"Unit\") of the Company at a purchase price of $0.30 per Unit. With the closing of the Final Tranche, the Company has now issued a total of 14,867,833 Units for aggregate gross proceeds of $4,460,349.90 in the Offering.\n \n \n Each Unit consists of one common share (a \"Common Share\") of the Company and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share (a \"Warrant Share\") of the Company at a purchase price of $0.50 per Warrant Share for a period of two years from the closing date of the Offering.\n \n \n The proceeds of the Offering will be used for: (i) claim maintenance, (ii) a drill program at the Company's Gold Knob project and (iii) general working capital purposes. The Offering is subject to the acceptance of the Exchange.\n \n \n The securities issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable securities laws and the rules of the Exchange expiring on October 27, 2025 with respect to the first tranche closing and November 8, 2025 with respect to the Final Tranche closing. In connection with the Final Tranche, the Company paid cash finder's fees of $44,547.99 and issued 148,493 finder's warrants (the \"Finder's Warrants\"). In total, the Company paid cash finder's fees of $234,434.19 and issued 781,447 Finder's Warrants to certain arm's length finders in connection with the Offering. Each Finder's Warrant entitles the holder thereof to purchase one Common Share of the Company at a purchase price of $0.50 per Common Share for a period of one year from the closing date of the Offering.\n Early Warning Disclosure\n No insiders participated in the Final Tranche of the Offering. As an...