Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Financings Routine +

Tiger Gold Announces Closing of $21,000,000 Oversubscribed Offering of Special Warrants to Accelerate Drilling at Quinchia

Tiger Gold raised $21m to fund drilling in Colombia as shares traded below the issue price amid dilution concerns.

By The Northwire Desk — AI Analysis Jun 10, 2026 · 09:37 TIGR · 0.71 Tiger Gold Corp.
Executive Summary
  • Tiger Gold Corp. closed a $21,007,867 CAD oversubscribed special warrants offering on June 10, 2026, led by SCP Resource Finance LP.
  • The company exercised its final cash option payment to acquire 100% ownership of the Quinchía and Andes gold projects in Colombia from LCL Resources Ltd.
  • Proceeds will accelerate drilling at the Ceibal target to complete a maiden Mineral Resource estimate by late 2026, alongside general working capital.
  • The company engaged Stockchain Capital LLC for a 12-week German investor relations advisory agreement for EUR 250,000.
  • Historical progression review (oldest to most recent):
  • December 2025: Listed on TSX-V, announced 10,000m Phase 1 drill program.
  • January-February 2026: Drilling commenced at Tesorito and Dos Quebradas, delivering strong intercepts (e.g., 307m @ 0.7 g/t Au).
  • March 2026: Mobilized to Ceibal target, expanding program to 5,000m.
  • April-May 2026: Reported significant Ceibal intercepts (214m @ 0.7 g/t Au) and Tesorito extensions.
  • May 2026: Announced and upsized financing from $15M to $18M, then to $21M.
  • June 2026: Closed $21M financing and finalized 100% project acquisition.
  • The company has consistently executed its drilling plan, moving from exploration to resource definition ahead of schedule.
Material Impact
  • The financing closing is an expected, incremental event that provides necessary capital to execute the 20,000m drill program and hit the year-end resource target.
  • It is a routine positive development that de-risks near-term operational cash flow but introduces immediate dilution.
  • The stock is trading at $0.71, below the $0.82 issue price, indicating market skepticism or broader sector weakness despite the oversubscription.
  • The 100% acquisition of Quinchía removes option risk and solidifies the asset base, but the 1% NSR royalty and $6.5M contingent milestone payments will impact future cash flows.
  • Management's projections are materializing as planned, with three rigs active and strong assay results supporting the path to a maiden resource.
TIGR · Price
Company Overview
  • Tiger Gold Corp. is a gold exploration and development company focused on the Quinchía Gold Project in Colombia's Mid-Cauca belt.
  • Flagship assets include the Miraflores deposit (Measured & Indicated), Tesorito deposit (Inferred), Dos Quebradas (Historical), and the high-priority Ceibal exploration target.
  • The project features a Preliminary Economic Assessment (PEA) showing a post-tax NPV of $534M at $2,650/oz Au, with an IRR of 21.3% and a 10.2-year mine life.
  • The company is advancing toward a Pre-Feasibility Study (PFS) through aggressive drilling and resource definition.
Read the original news release →

More from Tiger Gold Corp.

Jul 08, 2026 · 08:01

Tiger acquires the Quinchía project and secures $21 million to fund a 22,000-metre drilling campaign.

Financings Jun 30, 2026 · 09:29

Tiger Gold Enhances Team with the Appointment of New CFO

Management Jun 16, 2026 · 08:01

Tiger Gold’s Tesorito infill drilling validates a porphyry corridor, though dilution and exploration stage limit immediate upside potential.

Drill Results Jun 09, 2026 · 08:01

Tiger Gold secures full ownership of the Quinchía project to accelerate drilling ahead of 2027 engineering studies.

M&A / Property Jun 04, 2026 · 08:01

Tiger Gold’s Tesorito drill results reinforce porphyry potential ahead of a year-end resource update.

Drill Results Jun 02, 2026 · 08:01

Tiger Gold’s Ceibal Step-Out Drilling Confirms Porphyry Scale, But Dilutive Financing Weighs on Near-Term Upside

Drill Results