StrikePoint Gold Announces Non-Brokered Private Placement LIFE Offering of up to $3 Million

Executive Summary

• StrikePoint Gold Inc. announced the initiation of a non‑brokered private placement (“LIFE Offering”) for up to CAD $3 million.
• The offering consists of up to 20,000,000 units at CAD $0.15 per unit; each unit includes one common share and one warrant exercisable at CAD $0.30 after a 60‑day lock‑up.
• Net proceeds are earmarked for exploration on the Hercules and Cuprite gold projects in Nevada and for general working capital.

Key Details

• Offering Size: Up to CAD $3,000,000 gross proceeds.
• Units Offered: ≤20,000,000 units at CAD $0.15 per unit.
• Unit Composition: 1 Common Share + 1 Common Share purchase warrant.
• Warrant Terms: Exercise price CAD $0.30 per share; exercisable for 24 months from closing; not exercisable for the first 60 days after issuance.
• Eligibility: Available to Canadian residents (excluding Québec) under the Listed Issuer Financing Exemption (NI 45‑106).
• Finders’ Fees/Warrants: Company may pay finders’ fees and issue Finders’ Warrants (each for one common share at CAD $0.30, exercisable for 24 months; subject to a statutory hold period of 4 months + 1 day).
• Use of Proceeds: Primarily for exploration activities on the Hercules Gold Project and Cuprite Gold Project in Nevada; remainder for general working capital.
• Closing Conditions: Subject to TSX‑V approval and other prescribed conditions.
• Insider Participation: Insiders expected to subscribe; transaction qualifies as a related‑party transaction under MI 61‑101 with reliance on exemption thresholds (≤25 % of FMV).
• Regulatory Filings: Material change report to be filed ≤21 days before closing.

Notable Quotes

“We are pleased to launch this financing to fund the next phase of exploration at our flagship Nevada projects and strengthen our balance sheet.” – Michael G. Allen, President, CEO & Director

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.