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Stuve Gold Corp. Announces Closing of Private Placement of Units and Update on Term Loan Facility
(TheNewswire)   CALGARY, ALBERTA – January 8, 2026 – TheNewswire - Stuv...
About this update from Stuve Gold Corp.
[{"type":"text","content":"Stuve Gold Corp. Announces Closing of Private Placement of Units and Update on Term Loan Facility\n(TheNewswire)\n\n \n\n\n\n\n\n\nCALGARY, ALBERTA – January 8, 2026\n– TheNewswire - Stuve\nGold Corp. (“Stuve Gold”\nor the “Corporation”)\n(TSXV: STUV) is pleased to announce, further to its news release dated\nNovember 24, 2025, that is has completed its previously announced\nnon-brokered private placement and has issued 9,500,000 units\n(“Units”) at a price of\n$0.06 per Unit, for aggregate gross proceeds of $570,000 (the “Offering”).\n\n\nEach Unit is comprised of one (1) common share of the\nCorporation (each a “Common\nShare”) and one Common Share purchase warrant\n(each, a “Warrant”). Each Warrant entitles the holder\nthereof to purchase one Common Share in the capital of the Corporation\n‎‎(each a “Warrant\nShare”) at a price of $0.075 per Warrant Share\nat any time prior to the date that is twelve (12) months from the date\nof issuance of the Warrants and at a price of $0.10 per Warrant Share\nfor the following year. ‎ The Warrants include\nan acceleration provision whereby if the Common Shares trade at a\n20-day volume weighted average price (“VWAP”) greater than\n$0.35, the Corporation may accelerate the expiry of the Warrants to a\ndate that is sixty (60) days following such VWAP price having been\nmet.\n\n\n \n\n\nThe Corporation intends to use the proceeds from the\nOffering to fund ongoing general and administrative expenses, payment\nof claim taxes on the Corporation’s mineral properties and for the\nadvancement of exploration activities on certain of the\nCorporation’s properties.  \n\n\n \n\n\nNo cash commission or finder's fee were paid in\nconnection with the Offering. The Common Shares and Warrant Shares\nissued pursuant to the Offering are subject to a four-month and\none-day hold period. Completion of the Offering remains subject to the\nfinal acceptance of the TSX Venture Exchange (“Exchange”).\n\n\n \n\n\nRelated Party Participation in the\nPrivate Placement\n\n\n \n\n\nInsiders subscribed for an aggregate of 1,895,333 Units\nin the Offering for a total of 19.95% which increases the percentage\nownership o...