Provenance Gold Announces Fully Subscribed C$4.5 Million Financing with a Strategic Investment Group

Executive Summary

• Provenance Gold Corp. announced a $4.5 million investment commitment from a strategic investor group via a non‑brokered private placement of 18 million units at $0.25 per unit.
• Each unit consists of one common share and a half‑share purchase warrant exercisable at $0.30 for five years, with a one‑year hold period on all securities issued.
• The offering is expected to close around October 24 2025, and the investor group will enter into an Investor Rights Agreement granting participation rights in future equity financings.

Key Details

• Total Commitment: $4,500,000 from strategic investment group.
• Units Offered: 18,000,000 units at $0.25 per unit.
• Unit Composition: 1 common share + ½ share purchase warrant (exercise price $0.30, five‑year term).
• Closing Date: Expected on or about October 24, 2025.
• Hold Period: One‑year lock‑up on all securities issued in the offering.
• Investor Rights Agreement: Grants rights to maintain pro‑rata ownership, participate in future equity financings, and top‑up holdings upon dilutive issuances.
• Use of Proceeds (implied): To fund ongoing exploration activities and accelerate project development (as indicated by management commentary).
• Finder’s Fee: An arms‑length brokerage firm will receive a fee for introducing the strategic investor group.

Notable Quotes

“Having strategic investors that share our vision and have the capability to add resources as the project continues to grow is extremely beneficial… Solidifying long‑term strategic shareholders … is critical for our trajectory at this junction.” – Rob Clark, President