Cabral Gold closes $20-million bought deal offering

Executive Summary

• Cabral Gold Inc. has closed a $20 million bought deal financing, issuing 21,055,000 common shares at $0.95 per share for gross proceeds of $20,002,250.
• The company paid a 6.0% cash commission ($1,200,135) to underwriters Stifel Nicolaus Canada Inc. and Paradigm Capital Inc. for their services in connection with the offering.
• Net proceeds will be directed toward the exploration and development of the company's mineral properties and general working capital, with no new insiders or control persons created.

Key Details

• Gross Proceeds: $20,002,250
• Shares Issued: 21,055,000 common shares
• Price Per Share: $0.95
• Underwriters: Stifel Nicolaus Canada Inc. (sole bookrunner and lead underwriter) and Paradigm Capital Inc.
• Underwriter Commission: $1,200,135 (6.0% of gross proceeds)
• Overallotment Option: Not exercised as of closing; may be exercised in whole or in part up to 30 days following the closing date.
• Use of Proceeds: Exploration and development of mineral properties, and general working capital.
• Offering Structure & Jurisdictions: Conducted via prospectus supplement dated March 27, 2026, under a base shelf prospectus dated April 4, 2025. Offered in Canadian provinces and territories (excluding Quebec), to US qualified institutional buyers pursuant to Rule 144A, and in other international jurisdictions where no prospectus filing is required.
• Regulatory Filings: Prospectus supplement and base shelf prospectus available electronically under the company's profile on SEDAR+.
• Corporate Impact: No new insiders and/or new control persons were created at the closing of the offering.