Advanced Gold Upsizes Private Placement

Executive Summary

• Advanced Gold Exploration Inc. announced the upsizing of its non‑brokered private placement from up to 2,000,000 units to up to 3,500,000 units.
• The offering price remains $0.15 per unit, potentially raising gross proceeds of up to $525,000.
• Proceeds will be used for general corporate and working‑capital purposes; the units include common shares and half‑share purchase warrants exercisable at $0.20 per share for two years.

Key Details

• Upsized Offering Size: Up to 3,500,000 units (previously up to 2,000,000).
• Unit Composition: 1 common share + ½ transferable common share purchase warrant.
• Pricing: $0.15 per unit.
• Potential Gross Proceeds: Up to $525,000.
• Warrant Terms: Right to acquire one common share at $0.20 per share; exercisable for two years from issuance.
• Hold Period: Securities subject to a four‑month plus one day hold period and applicable resale rules.
• Use of Proceeds: General corporate and working‑capital purposes.
• Regulatory Conditions: Closing contingent on receipt of all required regulatory approvals, including CSE acceptance.
• Finder/Commission Fees: Company may pay up to 10% of funds raised in shares or cash as finder’s fees or commissions.

Notable Quotes

(No direct quotes were provided in the release.)