Avidian Gold Closes Non-Brokered Private Placement

Financing Closure Details

• Avidian Gold Corp. closed a previously announced non-brokered private placement on May 13, 2026.
• Gross proceeds raised were $859,649.96, exceeding the base target of $750,000 announced in March 2026 but slightly below the fully upsized potential of ~$937,500.
• The offering consisted of 6,612,692 units sold at $0.13 per unit.
• Each unit includes one common share and one-half of a warrant (warrant exercise price $0.25, term 36 months).
• Insider participation included Directors and Officers acquiring an aggregate of 640,000 units.

Execution vs Expectations

• The closing of the financing confirms management's ability to execute capital raises, which is critical for a pre-revenue exploration company.
• Proceeds exceeded the base target ($859k vs $750k), indicating sufficient investor demand despite market conditions.
• Insider participation (640,000 units) signals confidence from management in the project's near-term potential and validates the share price at the offering level.

Corporate Strategy

• Avidian Gold Corp. focuses on North American mining-friendly jurisdictions, specifically targeting transformational exploration opportunities.
• The company operates as a drill-ready explorer with no current production guidance or reserves disclosed.