Solstice Gold Announces $1,000,000 Flow-Through Share and Unit Financing
Executive Summary
- Solstice Gold Corp. announced a non‑brokered private placement to raise $1,000,000 through the issuance of Ontario flow‑through shares, National flow‑through shares, and units consisting of common shares plus half‑warrants.
- Proceeds will primarily fund exploration at the Strathy Gold Project (including a follow‑up drill program on the Red Cedar Discovery) and provide general corporate working capital.
- Closing is expected around October 30, 2025, subject to regulatory approvals; securities will be subject to a four‑month statutory hold period.
Key Details
- Offering Structure
- Ontario Flow‑Through Shares (OntarioFT): $0.085 per share, eligible for Canadian flow‑through tax benefits.
- National Flow‑Through Shares (NationalFT): $0.068 per share, also flow‑through eligible.
-
Units: $0.06 per unit; each unit = one common share + one half‑warrant (full warrant exercisable at $0.10 per share for 12 months after closing).
-
Gross Proceeds: $1,000,000 total.
-
Use of Proceeds
- OntarioFT Shares: fund Canadian Exploration Expenses and flow‑through mining expenditures on Ontario projects.
- NationalFT Shares: fund similar exploration expenses on other Canadian projects.
- Units: general corporate purposes and working capital.
-
Majority earmarked for a follow‑up drill program targeting the newly discovered Red Cedar zone at the Strathy Gold Project (Temagami, Ontario).
-
Closing Timeline: Anticipated closing date ≈ October 30, 2025, pending TSX Venture Exchange and other regulatory approvals.
-
Regulatory & Legal Notes
- All securities subject to a statutory hold period of four months and one day from the closing date.
- Offerings are exempt from U.S. registration; cannot be offered or sold in the United States or to U.S. persons without exemption.
-
Related‑party purchases expected to fall under MI 61‑101 but are anticipated to be exempt from formal valuation/minority approval because fair market value is below 25 % of market capitalization.
-
Project Highlights (Strathy Gold Project)
- Recent drill intercept: 8.52 g/t Au over 3.5 m at the Red Cedar Discovery, located in the largest IP anomaly on the project.
-
Historic intercepts include 5.00 g/t Au over 7.28 m and 7.66 g/t Au over 7.25 m (core lengths) at depths of ~50‑100 m, plus surface samples up to 62.7 g/t Au.
-
Qualified Person: Sandy Barham, M.Sc., P.Geo., senior geologist, responsible for technical disclosures per NI 43‑101.
Notable Quotes
- “The majority of the Offering proceeds will fund a follow‑up drill program exploring the new Red Cedar Discovery at our Strathy Gold Project,” – Pablo McDonald, CEO.