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SOMA GOLD CORP. COMPLETES FINAL TRANCHE OF ITS LIFE OFFERING FOR TOTAL PROCEEDS OF $17.25 MILLION
SOMA GOLD CORP. COMPLETES FINAL TRANCHE OF ITS LIFE OFFERING FOR TOTAL PROCEEDS OF $17.25 MILLION...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n\n\n\n SOMA GOLD CORP. COMPLETES FINAL TRANCHE OF ITS LIFE OFFERING FOR TOTAL PROCEEDS OF $17.25 MILLION\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. 20, 2025\n \n\n /CNW/ -\n \n Soma Gold Corp.\n \n (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (\"Soma\" or the \"Company\") is pleased to announce it has closed the second and final 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 and the further exercise of the greenshoe option.\n \n\n\n\n\n\n\n\n\n Under the second tranche, the company issued and sold an additional 1,508,260 units (each, a \"Unit\") at a price of\n \n CAD$1.15\n \n per Unit, for aggregate gross proceeds of approximately\n \n CAD$1,734,500\n \n . In total, the Company has sold and issued an aggregate of 14,997,826 Units for aggregate gross proceeds of approximately\n \n CAD$17.25 million\n \n over both tranches of the Offering.\n \n\n 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 The proceeds from the Offering will support SOMA's ongoing mill expansion efforts, installation of ore sorting infrastructure, accelerated exploration and development of the Nechi mine, and general working capital needs.\n \n\n \...