Northwire Canada EditionWednesday, September 30, 2026
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Financings

StrikePoint Announces Effective Date of Consolidation, Refiling of Technical Report and Provides Update on Closing of Northumberland Gold Project Acquisition

By The Northwire Desk — AI Analysis Sep 29, 2026 · 19:16 SKP · 0.165 Strikepoint Gold Inc.
SKP · Price

StrikePoint Gold Inc. has announced that the closing date for the acquisition of the Northumberland Gold Project from Newmont Corporation subsidiaries is expected on or about October 6, 2026. The company confirmed the release of funds from a previously completed $190,000,000 bought deal of subscription receipts to fund the acquisition. This financing will provide approximately C$90m in cash for project advancement.

A share consolidation of 10-for-1 is set to take effect on October 2, 2026, reducing the share count to approximately 7.2 million pre-conversion, expanding to ~102.2 million post-conversion of the financing receipts.

The Northumberland Gold Project is located in Nevada, USA. Trading in Shares remains halted pending final TSX Venture Exchange approval and closing of the Transaction. The $190,000,000 bought deal of subscription receipts of a subsidiary of the Company has been completed, with funds to be released upon closing of the acquisition. The proceeds are designated to fund the purchase of Northumberland and provide working capital.

The projected cash position is approximately C$90m in cash post-closing to undertake resource expansion, infill, and technical/economic/environmental studies. Regarding the share consolidation, the ratio is 10 pre-consolidation Securities for every 1 post-consolidation Security. The effective date is October 2, 2026. The post-consolidation share count is approximately 7,239,238 common shares, while the post-conversion share count is approximately 102.2 million shares after subscription receipts convert. Interests of 0.50 or higher will be rounded up, while interests of less than 0.50 will be cancelled. New identifiers for the securities are CUSIP 86332K509 and ISIN CA86332K5098.

An amended NI 43-101 Technical Report for the Northumberland Gold Project was filed on SEDAR+ at the request of the TSX Venture Exchange. No material changes were reported. The Qualified Person is Michael G. Allen, P. Geo, President and CEO.

"With the acquisition of the Northumberland Gold Project and the release of the funds from the Financing, StrikePoint will have approximately C$90m in cash to undertake a comprehensive work program to aggressively advance the project. Goals include resource expansion and infill, and technical, economic and environmental studies. Having been idle for more than 15 years, Northumberland represents an exceptional opportunity to define and develop a gold project of significant scale, located in the mining-friendly jurisdiction of Nevada, USA," said Michael G. Allen, President and CEO.

Read the original news release →

More from Strikepoint Gold Inc.

Sep 09, 2026 · 14:52

Strikepoint closes the $190m Northumberland raise, with Tembo taking a 19.9% stake and net smelter return interest.

Financings Sep 04, 2026 · 16:31

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Financings Aug 20, 2026 · 16:08

Strikepoint upsized its Northumberland deal to C$160m following strong investor demand for the project.

Financings Aug 18, 2026 · 16:17

Strikepoint acquires Newmont’s Northumberland project for us$70m alongside a c$140m capital raise.

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Drill Results Validate Exploration Target but Resource Timeline Slips

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