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SOMA GOLD CORP. CLOSES $15.5 MILLION TRANCHE OF LIFE OFFERING AND COMPLETES DEBT SETTLEMENT
SOMA GOLD CORP. CLOSES $15.5 MILLION TRANCHE OF LIFE OFFERING AND COMPLETES DEBT SETTLEMENT ...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n\n\n\n SOMA GOLD CORP. CLOSES $15.5 MILLION TRANCHE OF LIFE OFFERING AND COMPLETES DEBT SETTLEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 18, 2025\n \n\n /CNW/ -\n \n Soma Gold Corp.\n \n (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (\"\n \n Soma\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce the successful closing of the first tranche of its previously announced non-brokered private placement (the \"Offering\") under the Listed Issuer Financing Exemption (\"LIFE Exemption\") pursuant to Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n .\n \n\n\n\n\n\n\n\n\n Pursuant to the Offering, the Company issued 13,489,566 units (each, a \"Unit\") at a price of CAD\n \n $1.15\n \n per Unit, for aggregate gross proceeds of approximately\n \n CAD$15,513,000\n \n , including the partial exercise of the greenshoe option. Each Unit consists of one common share in the capital of the Company (each, a \"Common Share\") and one-half of one Common Share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one additional Common Share at an exercise price of\n \n CAD$2.00\n \n per Common Share for a period of 36 months from the date of issuance. The Warrants are subject to an Accelerated Exercise provision that stipulates that if the shares of the Company trade above\n \n $3.00\n \n for a period of 30 days, the Warrants will expire 30 days after such date unless exercised earlier.\n \n\n \"We are very pleased to have completed the first tranche of the LIFE Offering and are grateful for the continued support from both new and existing shareholders. The participation of various strategic investors further validates our long-term vision and growth strategy,\" said\n \n Geoff Hampson\n \n , CEO of Soma Gold Corp.\n \n\n The proceeds from the Offering will support SOMA's ongoing mill expansion effor...