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StrikePoint Gold Announces Closing of LIFE Offering for Gross Proceeds of C$3.1 Million
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - StrikePoint Gold Inc.  (...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Announces Closing of LIFE Offering for Gross Proceeds of C$3.1 MillionVancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce that it has closed its non-brokered private placement offered under the Listed Issuer Financing Exemption (the \"LIFE Offering\"). The Company issued 20,797,460 units (the \"Units\") of the Company at a price of CAD $0.15 per Unit (the \"Issue Price\") for gross proceeds of $3,119,619.Each Unit consists of one Common Share (a \"Common Share\") and one Common Share purchase warrant (each a \"Warrant\") of the Company. Each Warrant entitles the holder to purchase one Common Share in the capital of the Company at an exercise price of CAD $0.30 at any time on or before November 18, 2027.The Units were sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"Listed Issuer Financing Exemption\"). The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws, provided that the Warrants issued under this LIFE Offering shall not be exercisable for a period of 60 days after the date of issue.In connection with the LIFE Offering, the Company paid finder's fees in the total amount of C$161,416.50 and issued 1,076,110 non-transferable warrants (the \"Finder Warrants\"). Each Finder Warrant entitles the holder thereof to purchase one common share in the capital of the Company at a price of C$0.30 at any time on or before November 18, 2027, which will be subject to a statutory hold period expiring four months and one day from the date of closing.The Company intends to use the net proceeds raised from the LIFE Offering for exploration activities at its two Nevada-based projects, the Hercules Gold Project and the Cuprite Gold Project as well as general working capital purposes. The LIFE Offering closing remains subject to several prescribed conditions, including, without limitation, approval of the TSX-V.Insiders of the Company subscribed for a total of 199,460 Units for aggregate gross proceeds of $29,919. The issuance of Units to insiders is considered a related party transaction subject to Multilateral Instrument 61-101 - Prot...