Solstice Gold Announces Closing of Fully Subscribed Private Placement
Solstice funds $650,000 to acquire the Leckie Gold Zone assets, with the transaction expected to close in mid-September.
Solstice Gold Corp. announced the closing of a fully subscribed private placement on September 4, 2026. The company raised approximately $650,000 by issuing 10,833,333 common shares at $0.06 per share.
Proceeds are designated to fund the $600,000 cash consideration for the acquisition of the Leckie Patents and 43 unpatented mining claims. The acquisition is expected to close on or about September 14, 2026, subject to standard conditions.
Insiders purchased approximately $53,000 worth of shares in the placement, constituting a related party transaction exempt from formal valuation under MI 61-101. Securities carry a statutory hold period of four months and one day.
Solstice Gold Corp. (SGC) released details on September 8, 2026, following its August 24, 2026 announcement of a definitive agreement to acquire the Leckie Gold Zone (LGZ) and adjacent claims. The financing was fully subscribed at the previously announced price and terms.
Insiders participated with $53,000 in the raise. The closing of this financing is a routine administrative step required to proceed with the land consolidation. This development removes a near-term funding overhang, allowing the company to focus on the upcoming expansion drilling program at the newly consolidated Strathy project.
Solstice Gold Corp. (SGC) is a pre-revenue exploration company focused on gold projects in Ontario and Nunavut. Its flagship asset is the Strathy Gold Project, located in the Archean-age Temagami Greenstone Belt within the Abitibi Subprovince of Ontario. The project area now spans approximately 57 square kilometres following the pending acquisition of the Leckie Gold Zone (LGZ) and 43 adjacent claims.
The LGZ features a 160m-deep historical shaft, over 23,000 meters of historical drilling, and high-grade intercepts, including 9.10 g/t Au over 5.24 m. In addition to Strathy, the company holds the Qaiqtuq project in Nunavut, the Atikokan project, and the Red Lake Extension/New Frontier projects. The company is currently in the pre-resource exploration stage, with no NI 43-101 compliant resources or reserves defined. Historical data is considered reliable for planning but requires independent verification.