Business
Solstice Upsizes Offering to $1.15M
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 Upsizes Offering to $1.15M\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) (the “\n \n Company\n \n ”) Further to the news release issued on March 12, 2025, the Company is pleased to announce that in response to strong investor demand it has upsized its previously announced non-brokered private placement (the “\n \n Offering\n \n ”) from gross proceeds of $850,000 to $1,150,000, with continued significant participation from members of the board of directors and the management team.\n \n\n The upsized Offering will consist of the same securities as announced previously:\n \n\n\n 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 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 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 The gross proceeds raised from the Offering will be used by the Company: (i) $850,000 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 projects; and (ii) $300,000 or 100% f...