Leviathan Gold Announces Closing of Private Placement of Units and inclusion of Prominent Strategic Mining Investor Michael Gentile

About this update from Leviathan Metals Corp.

[{"type":"text","content":"Leviathan Gold Announces Closing of Private Placement of Units and inclusion of Prominent Strategic Mining Investor Michael Gentile\n\n\n\n VANCOUVER, British Columbia, April 11, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“\n \n Leviathan\n \n ”, the “\n \n Company\n \n ”) (LVX – TSXV, 0GP – Germany) is pleased to announce the closing of a non-brokered private placement pursuant to which the Company sold 32,500,000 units (each, a “\n \n Unit\n \n ”) in the capital of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $3,250,000 (the “\n \n Offering\n \n ”).\n \n\n Each Unit consists of one common share (each, a “\n \n Common Share\n \n ”) and one-half of one Common Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”) of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.15 per Common Share at any time on or before April 10, 2027.\n \n\n Following completion of the Offering, Michael Gentile will beneficially own and control 5,250,000 Common Shares and 2,625,000 Warrants, representing 8.54% of the issued and outstanding Common Shares of the Company on a non-diluted basis, and 12.29% of the issued and outstanding Common Shares of the Company on a partially diluted basis, assuming the full exercise of the Warrants by Mr. Gentile only.\n \n\n Mr. Gentile is considered one of the leading strategic investors in the junior mining sector, owning significant top five ownership stakes in over 20 small-cap mining and mining exploration companies.\n \n\n He recently co-founded Bastion Asset Management in January 2022, a rapidly growing money management firm in Montreal with over $500 million in assets under management, focused on small to mid-cap equities in the USA and Canada. Mr. Gentile was previously a Vice President and Senior Portfolio Manager with Formula Growth Limited where he worked from 2002 to 2018.\n \n\n Leviathan Gold’s President and Chief Executive Officer, Luke Norman, remarked:\n \n “We are delighted to welcome Mr. Gentile as a strategic market-leading investor in Leviathan, and for his confidence in our property portfolio and executive team. We look forward to working with Mr. Gentile in pro...

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