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SOMA GOLD'S $15 MILLION LIFE OFFERING FULLY COMMITTED AHEAD OF CLOSING
SOMA GOLD'S $15 MILLION LIFE OFFERING FULLY COMMITTED AHEAD OF CLOSING Canada NewsWire ...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n\n\n\n SOMA GOLD'S $15 MILLION LIFE OFFERING FULLY COMMITTED AHEAD OF CLOSING\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 VANCOUVER, BC\n \n\n ,\n \n\n Aug. 6, 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 that its previously announced non-brokered private placement offering (the \"Offering\") of 13,043,478 units (each, a \"Unit\") at a price of\n \n C$1.15\n \n per Unit, for gross proceeds of\n \n C$15,000,000\n \n , is fully committed. The Offering is expected to close by the end of the week.\n \n\n\n\n\n\n\n\n\n The Offering is being completed pursuant to the Listed Issuer Financing Exemption (\"LIFE Exemption\") under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n , and is available to eligible purchasers resident in\n \n Canada\n \n (excluding Québec), as well as in certain other jurisdictions outside\n \n Canada\n \n , in compliance with applicable securities laws. The Units will not be subject to resale restrictions pursuant to applicable Canadian securities laws.\n \n\n Each Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Common Share at a price of\n \n C$2.00\n \n for a period of 36 months from the date of issuance. The Warrants will be subject to an Accelerated Expiry provision that stipulates that if the Company's Common Shares trade above\n \n C$3.00\n \n for 30 consecutive days, the Warrants will expire 30 days following that period.\n \n\n An offering document related to the Offering is available under the Company's profile on SEDAR+ and on Soma's website at\n \n www.somagoldcorp.com\n \n . Closing of the Offering remains subject to customary conditions, not...