Business
Stuve Gold Corp. Announces Proposed Private Placement of Units and Term Loan Facility
(TheNewswire) CALGARY, ALBERTA – TheNewswire - November 24 , 2025 &#...
About this update from Stuve Gold Corp.
[{"type":"text","content":"Stuve Gold Corp. Announces Proposed Private Placement of Units and Term Loan Facility\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n CALGARY, ALBERTA –\n \n\n TheNewswire -\n \n\n November\n \n\n 24\n \n\n ,\n2025 –\n \n Stuve Gold Corp. (“\n \n Stuve Gold\n \n ” or the “\n \n Corporation\n \n ”) (\n \n TSXV:\nSTUV\n \n ) announces that it intends to proceed with a best-efforts\nprivate placement to provide working capital for the Corporation and\nthat it has entered into a term loan commitment letter which will\nrepay outstanding debentures that have recently matured.\n \n\n\n The Proposed Private Placement\n \n\n\n\n The Corporation plans to complete a non-brokered\nprivate placement of up to 9,500,000 units (“\n \n\n Units\n \n\n ”) at a price\nof $0.06 per Unit, for aggregate gross proceeds of up to $570,000 (the\n“\n \n\n Offering\n \n\n ”).\n \n\n\n\n Each Unit will be comprised of one (1) common share of\nthe Corporation (each a “\n \n\n Common Share\n \n\n ”) and a two (2) year Common\nShare purchase warrant (each, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant will entitle the holder thereof to purchase one Common Share\nin the capital of the Corporation ‎‎(each a “\n \n\n Warrant Share\n \n\n ”) at\na price of $0.075 per Warrant Share at any time prior to the date that\nis twelve (12) months from the date of issuance of the Warrants and at\na price of $0.10 per Warrant Share for the following year. ‎\n \n\n The Warrants will include an acceleration provision\nwhereby if the Common Shares trade at a 20-day weighted average price\n(“\n \n\n VWAP\n \n\n ”) greater than $0.35, the Corporation may accelerate the\nexpiry of the Warrants to a date that is sixty (60) days following\nsuch VWAP price having been met.\n \n\n\n\n The 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.  The Offering is not subject to a minimum\namount of gross proceeds.\n \n\n\n\n Insiders of the Corporation may participate in the\nOffering.\n \n\n\n\n It is not an...