AUQ Gold Mining closes $1-million private placement

Executive Summary

• AUQ Gold Mining Inc. closed a $1.0 million non‑brokered private placement of units (each unit = 1 common share + 1 warrant).
• The financing includes 86,400 non‑transferable broker warrants priced at $0.35 each, exercisable for six months (expiring Feb. 11 2026).
• Proceeds will fund exploration and engineering of the Bellechase‑Timmins gold project, support its acquisition completion, enable global resource acquisitions, repay debt, and provide working capital.

Key Details

• Total proceeds: $1,000,000 (non‑brokered private placement).
• Unit composition: 1 common share + 1 warrant per unit; warrant exercise price = $0.50, exercisable for 24 months from issue date.
• Broker warrants issued: 86,400 non‑transferable warrants to two Canadian investment dealers at an exercise price of $0.35, term of six months, expiring Feb. 11 2026.
• Cash commissions paid: $4,900.
• Restrictive legend: All securities subject to a statutory hold period of four months plus one day (expires Dec. 12 2025).
• Use of proceeds:
• Exploration and engineering of Bellechase‑Timmins gold project (Quebec).
• Reserve payments toward completion of the Bellechase‑Timmins acquisition.
• Reserve for acquisition/evaluation of additional resource properties worldwide.
• Repayment of outstanding debt.
• Working capital and general corporate purposes.

Notable Quotes

No executive quotes provided in the release.