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Stuve Gold Corp. Announces Closing of Private Placement of Units
(TheNewswire)   CALGARY, ALBERTA – TheNewswire - March 26, 2026 – Stu...
About this update from Stuve Gold Corp.
[{"type":"text","content":"Stuve Gold Corp. Announces Closing of Private Placement of Units \n(TheNewswire)\n \n\nCALGARY, ALBERTA – TheNewswire - March 26, 2026 – Stuve Gold Corp.\n(“Stuve Gold” or the\n“Corporation”) (TSXV:\nSTUV) is pleased to announce, further to its news releases dated\nFebruary 11 and 13, 2026, that is has completed its previously\nannounced non-brokered private placement and has issued 12,500,000\nunits (“Units”) at a price\nof $0.24 per Unit, for aggregate gross proceeds of $3,000,000 (the\n“Offering”).\n\n\nEach Unit is comprised of one (1) common share of the\nCorporation (each a “Common\nShare”) and one-half of one (1/2) Common Share\npurchase warrant (each whole Common Share purchase warrant, a\n“Warrant”). Each Warrant entitles the holder thereof to purchase\none Common Share ‎‎(each a “Warrant Share”) at\na price of $0.38 per Warrant Share for a period of one (1) year from\nthe date of issuance of the Warrants. ‎\n\n \n\nIn connection with the Offering, the Corporation paid\ncash commissions to qualified non-related parties of an aggregate of\n$105,302.64 and issued an aggregate of 438,761  broker warrants\n(“Broker\nWarrants”). Each Broker Warrant is exercisable\nat a price of $0.24 per share for a period of one (1) year from the\ndate of issuance.\n\n \n\nThe Corporation intends to use the net proceeds from\nthe Offering to conduct exploration activities on the Las Animas\nproperty ($1,000,000), Stuve Gold’s existing properties\n($1,500,000), as well as expenses related to the Offering, for the\npossible acquisition of other properties, for repayment of debt\nobligations, and for general working capital purposes (up to\n$394,697.36).  \n\n \n\nThe securities issued pursuant to the Offering are\nsubject to a four-month and one-day hold period. Completion of the\nOffering remains subject to the final acceptance of the TSX Venture\nExchange (“Exchange”).\n\n \n\nRelated Party Participation in the\nPrivate Placement\n\n \n\nOne insider subscribed for 40,000 Units in the Offering\nfor a total of 0.32%, which increases the percentage ownership of\noutstanding Common Shares owned by the insider that subscribed to the\nOfferin...