Business
Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,000,000
Not for distribution to United States Newswire Services or for dissemination in the United States...
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,000,000\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Not for distribution to United States Newswire Services or for dissemination in the United States\n \n\n\n\n\n Spanish Mountain Gold Ltd. (the \"\n \n Company\n \n \" or \"\n \n Spanish Mountain Gold\n \n \")\n \n (TSX-V: SPA) (FSE: S3Y) (OTC: SPAUF)\n \n is pleased to announce that further to its press release dated August 7, 2025 and as a result of strong investor demand, the Company has increased the maximum aggregate gross proceeds of its previously announced brokered “best efforts” private placement (the “\n \n Offering\n \n ”) from C$5,000,000 to C$6,000,000. The revised Offering is comprised of the following:\n \n\n\n up to 20,689,655 units of the Company (each, a “\n \n Unit\n \n ”) at a price of C$0.145 per Unit, for gross proceeds of up to C$3,000,000 from the sale of Units; and\n \n\n gross proceeds of up to C$3,000,000 from the sale of any combination of (i) flow-through share units of the Company (each, a “\n \n FT Unit\n \n ”) at a price of C$0.165 per FT Unit, and (ii) flow-through share units of the Company to be sold to charitable purchasers (each, a “\n \n Charity FT Unit\n \n ”, and together with the FT Units and Units, the “\n \n Offered Securities\n \n ”) at a price of C$0.20 per Charity FT Unit.\n \n\n\n Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”) is acting as lead agent and sole bookrunner in connection with the Offering.\n \n\n Each Unit will be comprised of one (1) common share in the capital of the Company (each, a “\n \n Common Share\n \n ”) and one (1) Common Share purchase warrant (each, a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to acquire one (1) additional Common Share (each, a “\n \n Warrant Share\n \n ”) at a price of C$0.22 per Warrant Share, for a period of 36 months from the Closing Date (as defined herein). Each FT Unit will be comprised of one (1) Common Share to be issued as a “flow-through share” within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (each, a “\n...