Business
ICG Silver & Gold Closes $1.73 Million Unit Offering, Bringing Aggregate Gross Proceeds Raised to $6.20 Million, and Confirms March 31 Trading Date
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) ("ICG" or the "Company") is pleased to announce that, further
About this update from Icg Silver & Gold Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) (\"ICG\" or the \"Company\") is pleased to announce that, further to its news release dated February 26, 2026, it has closed a non-brokered unit offering for gross proceeds of $1.73 million (the \"Unit Offering\"). This brings the Company's total gross proceeds raised between the Unit Offering and previously completed Subscription Receipt Offering to approximately $4.5 million, and $6.2 million since inception. The completion of the Unit Offering was the final step before the Company begins trading on the Canadian Securities Exchange (the \"CSE\") at market open tomorrow, March 31, 2026, under the ticker symbol \"ICG\". The Company issued 4,943,369 units (each a \"Unit\") at a price of $0.35 per Unit for aggregate gross proceeds of $1,730,179.15. Each Unit consisted of one common share (a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant is exercisable at a price of $0.50 per Share for a period of 24 months from the listing of the Shares on the CSE (the \"Listing Date\"). Both the Shares and Warrants are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. In connection with the Unit Offering, the Company paid cash finders fees of $80,178.70 and issued 229,082 common share purchase warrants to eligible finders (each a \"Compensation Warrant\"). Each Compensation Warrant is exercisable at a price of $0.50 per Share for a period of 24 months from the date of issuance. The net proceeds of the Unit Offering will be used for advancing the Company's Phase 1 exploration program at the Tuscarora District in Nevada, costs of the public listing, marketing and investor relations, and general working capital purposes. With the closing of the Unit Financing, ICG is now fully funded to rapidly advance the Tuscarora District through its Phase 1 drill program in the summer and toward a first mineral resource estimate. To learn more about ICG, visit https://icgsilverandgold.com/ and subscribe to the Company's news. About ICG Silver & Gold Ltd. ICG Silver & Gold Ltd. is a new mineral exploration and development company advancing the Tuscarora District in northern Nevada. The ...