Minaurum Gold Inc. Announces Closing of Brokered Private Placement for Gross Proceeds of C$25M, Including Exercise in Full of Agents' Option

Executive Summary

• Minaurum Gold Inc. completed a best‑efforts private placement of 69,444,442 units at C$0.36 per unit, generating approximately C$25 million in gross proceeds.
• The offering included a cash commission to agents of C$1,423,354.76 and issuance of broker warrants; insiders purchased 191,222 units as a related‑party transaction.
• Net proceeds are earmarked for exploration work on the Alamos silver project (Phase II drill program), property expenditures, and general working capital.

Key Details

• Units sold: 69,444,442 units at C$0.36 each → Gross proceeds ≈ C$25 M.
• Unit composition: 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase of one common share at C$0.50, exercisable until 11 Dec 2027).
• Lead agent/bookrunner: Cormark Securities Inc.; syndicate also included Beacon Securities Ltd. and Canaccord Genuity Corp.
• Agent compensation: Cash commission of C$1,423,354.76 plus issuance of 3,953,761 broker warrants (exercise price C$0.36, expiry 11 Dec 2027; hold period expires 12 Apr 2026).
• Finder fee: Cash payment of C$11,249.99 and issuance of 31,250 broker warrants to an arm’s‑length finder.
• Insider participation: Kesa Capital Ltd., controlled by President/CEO Darrell Rader, CFO Jasmine Lau, and VP Exploration Stephen Maynard purchased a total of 191,222 units (related‑party transaction exempt from valuation/minority approval thresholds).
• Exemptions used:
• 43,888,888 units issued under the Listed Issuer Financing Exemption (NI 45‑106) – no hold period in Canada.
• 25,555,554 units issued under other NI 45‑106 exemptions – subject to statutory hold period expiring 12 Apr 2026.
• Use of proceeds:
• Exploration expenditures and completion of Phase II drill program on Alamos silver project.
• Property‑related costs.
• General working capital.
• Regulatory notes: Securities not registered under U.S. securities laws; offering not an offer in the United States.

Notable Quotes

• “The successful closing of this financing provides us with the necessary capital to advance our Alamos project and continue building shareholder value,” – Darrell A. Rader, President & CEO.