Au Gold increases financing to $300,000

Executive Summary

• Au Gold Corp. increased its previously announced private placement to a total of $300,000.
• The placement now consists of six million units at $0.05 per unit, each unit containing one common share and one 10‑cent warrant (2‑year term).
• Closing is expected soon pending regulatory approvals; securities will be subject to a four‑month‑plus hold period.

Key Details

• Placement Size: Increased to $300,000 (up from the originally announced amount).
• Units Offered: 6,000,000 units at $0.05 per unit.
• Unit Composition: Each unit = 1 common share + 1 whole warrant (10‑cent exercise price, 2‑year expiry).
• Use of Proceeds: Not explicitly stated; typical use includes working capital and exploration funding.
• Regulatory Conditions: Closing subject to receipt of all required approvals, including TSX Venture Exchange acceptance.
• Hold Period: Securities issued will be locked for four months and one day under applicable securities laws.

Notable Quotes

• “The company is very pleased with the response to the placement, and thanks new and existing shareholders for their support.” – Company statement.