Hochschild's Tiernan Gold and Railtown Capital Announce up to $65M Private Placement Equity Financing and Execution of Definitive Agreement for Proposed Qualifying Transaction

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[{"type":"text","content":"/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":111,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Definitive Agreement entered into for proposed "Qualifying Transaction" that is expected to result in a reverse-takeover of Railtown by Tiernan with the Resulting Issuer trading on the TSX Venture Exchange as "Tiernan Gold Corp."","length":249,"tagName":"p"}]},{"val":[{"type":"text","content":"Up to CAD$65 million best-efforts private placement equity raise with a 15% Agents' Option through a syndicate of agents to be co-led by Canaccord Genuity and BMO Capital Markets and including Raymond James and Haywood Securities.","length":234,"tagName":"p"}]},{"val":[{"type":"text","content":"Jill Gardiner and incoming Chief Executive Officer, Fausto Di Trapani, to join previously named directors (Chris Taylor, Greg McCunn, Claudia Tornquist, Eduardo Noriega and Nicolas Hochschild) to make up the board of directors of the Resulting Issuer, with Jill Gardiner to serve as the Chair.","length":293,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":776,"olType":false},{"type":"text","content":"VANCOUVER, BC, Oct. 6, 2025 /CNW/ - Tiernan Gold Corp. ("Tiernan"), a wholly owned subsidiary of Hochschild Mining PLC ("Hochschild") (LSE: HOC)(OTCQX: HCHDF) and Railtown Capital Corp. ("Railtown") (TSXV: RLT.P) are pleased to announce that, further to the proposed qualifying transaction announced in their joint press release dated September 3, 2025, they, together with 1559261 B.C. Ltd. ("Subco"), a wholly owned subsidiary of Railtown, have entered into a definitive business combination agreement dated October 6, 2025 (the "Definitive Agreement"), which sets out the terms and conditions of a three-cornered amalgamation that will result in Railtown acquiring all of the issued and outstanding common shares of Tiernan (the "Tiernan Shares") in exchange for common shares of Railtown and will result in a reverse-takeover of Railtown by Tiernan (the "ProposedTransaction" or "RTO"). All dollar figures in this release are Canadian dollars unless otherwise stated.","len...

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