STLLR Gold increases financing to $15.76-million

Executive Summary

• STLLR Gold Inc. upsized its bought‑deal private placement to raise $15,760,110.40 in gross proceeds.
• The offering includes 2,790,200 premium flow‑through shares at $1.792, 3,246,800 flow‑through shares at $1.54, and 4.5 million hard‑dollar shares at $1.28.
• Proceeds will be allocated to Canadian exploration expenses (flow‑through portion) and non‑flow‑through operating, corporate and working‑capital purposes; closing expected around Oct. 15, 2025.

Key Details

• Offering Size & Structure
• Total gross proceeds: $15,760,110.40.

• Shares to be purchased for resale by underwriters (bought‑deal):

  • 2,790,200 premium FT shares @ $1.792 → $5,000,038.40 gross.
  • 3,246,800 FT shares @ $1.54 → $5,000,072 gross.
  • 4,500,000 hard‑dollar (non‑FT) shares @ $1.28 → $5,760,000 gross.

• Underwriters & Fees

• Co‑lead underwriters: Paradigm Capital Inc. and SCP Resource Finance LP (joint bookrunners).
• Cash commission to underwriters: 6 % of gross proceeds payable at closing.

• Overallotment option: up to 15 % of the bought shares, exercisable until two business days before closing, for market stabilization.

• Use of Proceeds

• Flow‑through portion (premium FT + FT shares): Entire amount will be used for Canadian exploration expenses qualifying as flow‑through mining expenditures, incurred by Dec. 31, 2026 and renounced to subscribers by Dec. 31, 2025.

• Hard‑dollar shares: Net proceeds earmarked for non‑flow‑through eligible operating expenses, general corporate purposes, and working capital.

• Closing & Conditions

• Expected closing: on or about Oct. 15, 2025 (or other mutually agreed date).

• Subject to customary conditions: corporate and regulatory approvals (TSX, securities regulators), receipt of necessary consents.

• Related Party Participation

• Insiders may participate; transaction qualifies as a related‑party transaction under MI 61‑101 but is not expected to trigger minority approval or formal valuation requirements because fair market value does not exceed 25 % of market cap.

• Company will file a material change report within 21 days prior to closing.

• Other Offerings Unchanged

• Terms and sizing of the previously announced concurrent best‑efforts private placement and non‑brokered private placement remain unchanged (refer to Sept. 22, 2025 release).

Notable Quotes

(No direct quotes were provided in the release.)