STLLR Gold closes $36.6-million financing

Executive Summary

• STLLR Gold Inc. closed a private placement raising C$36.6 million (US$36,613,902) in aggregate gross proceeds.
• The financing consisted of multiple components: bought‑deal FT shares, hard‑dollar shares, a best‑efforts brokered placement, and a non‑brokered placement to Agnico Eagle.
• Proceeds will fund exploration on the Tower and Hollinger projects (FT portion) and general corporate/working capital needs (hard‑dollar portion).

Key Details

• Total Gross Proceeds: $36,613,902.
• Bought‑Deal Private Placement (led by Paradigm Capital & SCP Resource Finance):
• 2,790,200 FT shares @ $1.792 each → $5,000,038.40 (premium FT).
• 3,246,800 FT shares @ $1.54 each → $5,000,072.00.
• 5,166,026 hard‑dollar shares @ $1.28 each → $6,612,513.28.
• Aggregate from bought‑deal: $16,612,623.68.
• Brokered Private Placement (best‑efforts, led by Paradigm): 11,719,000 hard‑dollar shares @ $1.28 each → $15,000,320.
• Non‑Brokered Private Placement to Agnico Eagle Mines Ltd.: 3,907,000 hard‑dollar shares @ $1.28 each → $5,000,960.
• Ownership Changes:
• Eric Sprott (via 2176423 Ontario Ltd.) increased stake to ~15% (non‑diluted).
• Agnico Eagle raised its holding to ~11%.
• Insider Participation: Officers/directors purchased 434,100 hard‑dollar shares and 19,500 FT shares.
• Use of Proceeds:
• FT share proceeds → Canadian exploration expenses qualifying as flow‑through mining expenditures (to be incurred by Dec 31 2026; renounced to subscribers by Dec 31 2025).
• Hard‑dollar proceeds → non‑flow‑through operating expenses, general corporate and working capital purposes.
• Restrictions: Shares subject to a hold period expiring Feb 16 2026; offering pending final TSX approval.
• Commission Payments: Cash commissions paid to Paradigm and SCP for bought‑deal and best‑efforts placements; none for the non‑brokered placement.

Notable Quotes

“This financing strengthens our ability to advance the Tower gold and Hollinger tailings projects in the Timmins mining camp. We greatly appreciate the continued support from our investors, especially our largest shareholders, Eric Sprott and Agnico Eagle.” – Keyvan Salehi, President & CEO, STLLR Gold Inc.