Northwire Canada EditionFriday, July 31, 2026
Northwire
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Financings

Big Gold arranges $550,000 private placement

BG · Price

Executive Summary

  • Big Gold Inc. announced a non-brokered private placement targeting up to $550,000 in gross proceeds through the issuance of hard units and flow-through units.
  • The offering includes warrants exercisable at $0.075 per share for a 36-month period, with all flow-through proceeds allocated to Canadian exploration and flow-through mining expenditures.
  • The transaction is structured under the Listed Issuer Financing Exemption, carries no statutory hold period, and is scheduled to close around February 15, 2026.

Key Details

  • Total Gross Proceeds: Up to $550,000
  • Hard Units (HD): Up to 11,250,000 units issued at $0.04 per unit, generating $450,000 in gross proceeds.
  • Flow-Through Units (FT): Up to 2,222,222 units issued at $0.045 per unit, generating $100,000 in gross proceeds.
  • Warrant Structure: Each HD and FT unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.075 per share.
  • Warrant Term: Warrants are exercisable for 36 months from the date of issuance.
  • Use of Proceeds: All FT share proceeds will fund Canadian exploration expenses and flow-through mining expenditures (federal and Ontario), to be renounced to initial purchasers with an effective date no later than December 31, 2026.
  • Closing Date: Scheduled on or about February 15, 2026.
  • Regulatory Framework: Offered under the Listed Issuer Financing Exemption (NI 45-106 Part 5A) to Canadian residents (excluding Quebec). Securities are not subject to a statutory hold period.
  • Finder's Compensation: The company may pay finders' fees in cash and non-transferable warrants, subject to Canadian Securities Exchange policies.
Read the original news release →

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