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Tiger Gold Announces $15,000,000 Offering of Special Warrants
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB: TGRGF) ("Tiger" or the "Company") is pleased
About this update from Tiger Gold Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB: TGRGF) (\"Tiger\" or the \"Company\") is pleased to announce it has entered into an engagement letter with SCP Resource Finance LP (\"SCP\"), on behalf of itself and a syndicate of agents (together, the \"Agents\"), pursuant to which the Company has agreed to sell, on a commercially reasonable efforts private placement basis, up to 18,292,683 special warrants (\"Special Warrants\") of the Company at a price of C$0.82 per Special Warrant (the \"Issue Price\") for aggregate gross proceeds of up to C$15,000,000 (the \"Offering\") to accelerate drilling at the Company's Ceibal target with a goal of completing a Maiden Resource at Ceibal by the end of the year. Strategic Rationale The technical case at Ceibal has advanced over the past several months. Historical drilling at Ceibal returned long, near-surface intersections of porphyry-style gold mineralization across multiple holes (including 500 m at 0.5 g/t Au from surface in CEDDH-001 and 579.1 m at 0.5 g/t Au from 7.5 m downhole in CEDDH-002). Tiger's subsequent field work, geological re-interpretation, and the recent step-out result in CEDDH-009 have collectively reinforced management's view that Ceibal hosts the potential for a large, near-surface gold system with a size and scale not yet fully understood, but still open in all directions. The Ceibal target is located approximately 1 kilometre south of the Miraflores deposit and 1 kilometre southwest of the Tesorito deposit, within the Marmato Fault Corridor. The target is coincident with a sub-circular Au-Cu-Mo surface geochemical anomaly with an approximate footprint of 800 metres by 600 metres. The Offering is intended to accelerate our drilling through the summer, ahead of a targeted Maiden Mineral Resource estimate at Ceibal by year-end which is not part of the Company's existing 20,000m drill program. More specifically, the Company anticipates that the net proceeds of the Offering will be deployed across the following priorities: Accelerated drilling at Ceibal: Funding additional diamond drilling at the Ceibal target through the 2026 field season - including systematic step-out and depth-extension drilling along the apparent north-northwest-trending mineralized corridor with the objective of generating the data...