Advanced Gold Announces Private Placement and Appointment of Director

Executive Summary

• Advanced Gold announces a non‑brokered private placement of up to 2,000,000 units at $0.15 per unit, targeting gross proceeds of up to $300,000 for general corporate and working capital purposes.
• Shahab Samimi is appointed to the Board of Directors; Rodney Ireland resigns from the board.
• Each unit consists of one common share and a half‑share purchase warrant exercisable at $0.20 per share for two years, with a four‑month hold period.

Key Details

• Private Placement Terms – Up to 2,000,000 units @ $0.15/unit → maximum gross proceeds of $300,000.
• Unit Composition – 1 common share + ½ transferable common share purchase warrant per unit.
• Warrant Terms – Warrants allow acquisition of one common share at $0.20/share; exercisable for two years from issuance.
• Hold Period – Securities subject to a hold period of four months plus one day.
• Use of Proceeds – Funds to be used for general corporate and working‑capital purposes.
• Finder Fee – Company may pay up to 10% of funds raised to eligible finders (cash or shares).
• Board Appointment – Shahab Samimi, experienced investor and senior product manager at a Fortune 500 firm, joins the Board of Directors.
• Board Resignation – Rodney Ireland resigns from the Board to pursue other opportunities; company thanks him for his service.

Notable Quotes

(No direct quotes were provided in the release.)