Business
Sylla Gold Announces Closing of Fully Subscribed Private Placement of Units
Bedford, Nova Scotia--(Newsfile Corp. - February 25, 2026) - Sylla Gold Corp. (TSXV: SYG) (the "Company") is pleased to announce that, further to its press release of January 28, 2026, it has closed its previously announced non-brokered private placement through the issuance of 46,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $2,300,000 (the "Offering"). Each Unit is comprised of one common share (each, a "Common Share") in the capital of the Company and one..
About this update from Sylla Gold Corp
[{"type":"text","content":"Bedford, Nova Scotia--(Newsfile Corp. - February 25, 2026) - Sylla Gold Corp. (TSXV: SYG) (the "Company") is pleased to announce that, further to its press release of January 28, 2026, it has closed its previously announced non-brokered private placement through the issuance of 46,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $2,300,000 (the "Offering"). Each Unit is comprised of one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 per Common Share for a period of two (2) years from the date of issuance.","length":762,"tagName":"p"},{"type":"text","content":"The net proceeds of the Offering are intended to be used to advance exploration and permitting objectives at the Company's Niaouleni Gold Project and for working capital and general corporate purposes, including, as applicable, the payment of accounts payable and the repayment of loans. More specifically, the proceeds are intended to support the renewal of the Company's flagship Deguefarakole licence, including approval of associated work programs, and to facilitate the exercise of option agreements on the remaining three licences within the Niaouleni land package. The consolidation of these licences is expected to enhance the Company's ability to advance the district-scale potential of Niaouleni, which is located in the Koulikoro Region of southwest Mali, a well-endowed gold belt proximal to several advanced-stage deposits and development projects.","length":873,"tagName":"p"},{"type":"text","content":"In connection with the closing of the Offering, the Company paid aggregate cash finder's fees to certain eligible persons of $47,250 and issued an aggregate of 945,000 finder's warrants, each entitling the holder thereof to acquire one Common Share at a price of $0.05 per Common Share until February 25, 2028.","length":318,"tagName":"p"},{"type":"text","content":"The Offering remains subject to final acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securi...