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Loyalist Exploration Announces Non-Brokered Private Placement to Acquire Tully Gold Project
Toronto, Ontario – TheNewswire – September 18, 2025 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce a non-brokere
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – TheNewswire – September 18, 2025 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce a non-brokered private placement consisting of the sale of up to 35,000,000 units of the Company (each, a “Unit”), at a price of $0.02 per Unit, for gross proceeds of up to $700,000 (the “Offering”). Each Unit consists of one common share of the Company and one common share purchase warrant exercisable into a common share of the Company at a price of $0.05 for a period of 48 months following the date of issuance. Errol Farr, Loyalist’s President and Chief Executive Officer, stated, “We are very encouraged by the strong investor response to our ‘Buy Timmins’ strategy, which continues with the potential acquisition of the Tully deposit (see press releases dated April 9, 2025 and July 8, 2025) and its significant historical gold resource. The closing is scheduled for September 30, 2025, Tully is well recognized for its numerous high-grade gold drill intersections, and we believe there is considerable upside potential remaining on the project. Our next phase of exploration will focus on testing new discovery targets in addition to advancing the understanding of the existing resource, particularly in the context of current gold prices that are two to three times higher than during the last drill campaign.” Mr. Farr continued, “I want to thank our team of officers, directors, consultants, and advisors—including IBK Capital Corp.—for their ongoing support. The upcoming acquisition of the Tully deposit, and the recent acquisitions of the Gold Rush property, and the Loveland Nickel-Copper-Gold property, all within the prolific Timmins mining camp, stand as a testament to their expertise and commitment. Together, we are advancing our strategy to establish Loyalist as a leading mineral exploration and development company. The proceeds from the sale of the Units will be for the Tully Property acquisition, the Gold Rush Property payment, exploration expenditures, as well as general working capital purposes. The Company may pay finder’s fees to eligible finders in connection with the Offering. Certain insiders of Loyalist may participate in the Offering, which would constitute a \"related party transaction\", as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Shareho...