STLLR Gold arranges $30-million financing

Executive Summary

• STLLR Gold Inc. announced a C$30 million financing package comprising three components: a bought‑deal private placement of flow‑through shares (~C$10 M), a best‑effort brokered private placement of up to 11.719 M non‑flow‑through shares (~C$15 M), and a concurrent non‑brokered placement with Agnico Eagle Mines Ltd. for ~C$5 M.
• The bought‑deal portion will be used exclusively for Canadian flow‑through eligible exploration expenditures, while the best‑effort and concurrent proceeds will fund non‑flow‑through operating expenses, general corporate purposes, and working capital.
• The offering is expected to close on or about October 15, 2025, subject to customary regulatory approvals; insiders may participate but the transaction is not expected to trigger minority‑shareholder approval requirements.

Key Details

• Bought‑Deal Private Placement – 2,790,200 flow‑through common shares at $1.792 per share (gross proceeds C$5,000,038.40) plus 3,246,800 flow‑through common shares at $1.54 per share (gross proceeds C$5,000,072), for total gross proceeds of approximately C$10,000,110.
• Best‑Effort Brokered Private Placement – Up to 11,719,000 non‑flow‑through common shares at $1.28 per share, targeting gross proceeds of up to C$15,000,320; participation from Eric Sprott confirmed.
• Concurrent Non‑Brokered Private Placement (Agnico Eagle) – 3,907,000 non‑flow‑through common shares at the same $1.28 per share price, for gross proceeds of C$5,000,960, increasing Agnico’s ownership to ~11 % post‑offering.
• Overallotment Option – Underwriters may purchase up to an additional 15 % of the bought‑deal shares (overallotment) prior to two business days before closing, on identical terms.
• Commission Structure – Cash commission equal to 6 % of gross proceeds will be paid by STLLR on closing for both the bought‑deal and best‑effort placements; no commission for the concurrent non‑brokered placement.
• Use of Proceeds
• Bought‑deal proceeds → Canadian flow‑through eligible exploration expenses (to be incurred ≤ Dec 31, 2026) and subsequently renounced to subscribers by Dec 31, 2025.
• Best‑effort + concurrent proceeds → Non‑flow‑through operating expenses, general corporate purposes, and working capital.
• Holding Period – All issued shares subject to a restricted hold period of four months and one day after the closing date.
• Closing Conditions – Anticipated closing on or about Oct 15, 2025, contingent upon receipt of required corporate and securities regulator approvals (including TSX).
• Related‑Party Participation – Insiders may participate; transaction not expected to exceed 25 % of market cap, thus exempt from minority‑shareholder approval under MI 61‑101.

Notable Quotes

(No executive quotes were provided in the release.)