Business
Solstice Announces Closing of Upsized Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Solstice Gold Corp.
[{"type":"text","content":"Solstice Announces Closing of Upsized Private Placement\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistlowroman { list-style-type: lower-roman }\n \n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to report the closing of its previously announced private placement financing (the “Offering”) on Monday, March 31st, 2025 (the “Closing Date”), for gross proceeds of approximately $1.15 million through the issuance of the following securities:\n \n\n\n 9,285,714 premium flow-through units (the “\n \n Premium FT Units\n \n ”) at a price of $0.049 per Premium FT Unit, each Premium FT Unit comprised of one common share of the Company (each, a “\n \n Premium\n \n\n FT\n \n\n Share\n \n ”) and one half warrant, where one full warrant (each, a “\n \n FT Premium\n \n\n Warrant\n \n ”) is exercisable for one common share of the Company (each, a “\n \n Share\n \n ”) at $0.05 for 12 months from the closing date of the Offering;\n \n\n 9,750,000 flow-through common shares (the “\n \n FT Shares\n \n ”) at a price of $0.04 per FT Share, each of the Premium FT Shares, FT Premium Warrants and FT Shares qualifying as a flow-through share for purposes of the\n \n Income Tax Act (Canada)\n \n (the “\n \n ITA\n \n ”); and\n \n\n 8,737,857 units of the Company (“\n \n Units\n \n ”) at $0.035 per Unit, each Unit comprised of one Share and one half warrant where one full warrant (each, a “\n \n Warrant\n \n ”) is exercisable for one Share at $0.05 for 12 months from the closing date of the Offering.\n \n\n\n This represents an upsize to $1.15 million from the Company’s previously announced $850,000 anticipated gross proceeds of the Offering. The gross proceeds of the Offering will be used by the Company: (i) $845,000 or 100% from the Premium FT Units and the FT Shares to fund exploration programs qualifying as “Canadian Exploration Expenses” and “flow-through mining expenditures” (as those terms are defined in the ITA) at the Company’s mining...