NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, June 25, 2026 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) ("ExGen") is pleased to announce that, further to its June 9, 2026, news release, it has completed the closing of the first tranche of the previously announced non-brokered private placement offering (the "Private Placement"), subject to final approval of the TSX Venture Exchange ("TSXV"). ExGen issued 8,050,000 units at a price of $0.10 per unit, for gross proceeds of $805,000. Each unit consists of one (1) common share and one-half of one (1/2) common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one (1) common share at a price of $0.15 per share for a period of two (2) years after the closing. The terms of the warrants have been amended since ExGen's initial announcement on June 9, 2026, to extend the term and remove the acceleration clause previously disclosed therein.
The net proceeds from the Private Placement will be used for potential exploration on ExGen's properties, potential future acquisitions and general working capital. A finder's fee of 3% of the gross proceeds of the Private Placement was paid in cash on a portion of this Private Placement to certain finder's. ExGen anticipates completing a second tranche closing on or around July 9, 2026.
All securities issued in connection with the closing of the first tranche of the Private Placement are subject to a hold period that expires on October 26, 2026. For further details on the Private Placement, please contact ExGen at the contact information set forth below.
ABOUT EXGEN RESOURCES INC.
ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 8 exploration projects in Canada and the US, 4 NSR Royalties on projects in the Golden Triangle, BC, Canada and ExGen also holds a Silver Stream on the past producing Andacollo gold mine in Chile, which is slated for a near-term production restart.
For more information on ExGen please contact:
ExGen Resources Inc.
Jason Tong
Chief Financial Officer
Email: jason@catapultgroup.ca
Cell: 604-889-7827