Compass Gold arranges minimum $4M private placement

Executive Summary

• Compass Gold Corp. announced a best-effort private placement of units to raise gross proceeds of up to $5 million.
• The offering consists of units priced at 19 cents each, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds are designated for the evaluation and establishment of a gold processing facility at the Massala prospect, drilling, metallurgical studies, and general corporate purposes.

Key Details

• Transaction Structure: Best-effort private placement of units.
• Price: 19 cents per unit.
• Quantity: Minimum of 21,052,630 units; maximum of 26,315,800 units.
• Gross Proceeds: Between approximately $4 million and $5 million.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of 25 cents. Warrants are exercisable for three years following the closing date.
• Over-Allotment Option: The agent (Canaccord Genuity Corp.) has an option to purchase up to an additional 3,947,370 units at 19 cents per unit, providing up to approximately $750,000 in additional gross proceeds.
• Use of Proceeds: Evaluation and establishment of a gold processing facility at the Massala prospect, drilling, completion of a metallurgical study, bulk sampling, and general corporate purposes/working capital.
• Agent/Bookrunner: Canaccord Genuity Corp.
• Closing Date: Expected on or about Feb. 12, 2026, subject to conditions including definitive agency agreement execution and regulatory approvals (including TSX Venture Exchange conditional approval).
• Regulatory Basis: Offered pursuant to the listed issuer financing exemption under National Instrument 45-106 (Part 5A) and Coordinated Blanket Order 45-935.
• Hold Period: Units issued are not subject to a hold period under applicable Canadian securities laws.

Notable Quotes

• No direct quotes from management were included in the provided text.