Eminent Gold receives $2.65-million from warrants

Executive Summary

• Eminent Gold Corp. completed its warrant incentive program, receiving $2,650,983 from the exercise of 3,787,118 warrants.
• The company issued 3,787,118 new incentive warrants on a one-for-one basis to the exercising holders, with an exercise price of $1.50 per share and an expiration date of May 2, 2027.
• Net proceeds will be utilized for exploration activities at the Hot Springs Range project (including geophysical surveys and drilling) and general working capital.

Key Details

• Warrant Exercise Proceeds: The company received $2,650,983 from the exercise of 3,787,118 previously issued and outstanding common share purchase warrants.
• Original Warrant Terms: The exercised warrants had an exercise price of 70 cents and were originally issued in connection with a non-brokered private placement of units completed on May 2, 2025.
• New Incentive Warrants Issued: An aggregate of 3,787,118 incentive warrants were issued on a one-for-one basis.
• Incentive Warrant Terms:
  • Exercise Price: $1.50 per share.
  • Expiration Date: May 2, 2027.
  • Hold Period: Subject to a statutory hold period of four months and one day from the date of issuance.
• Unexercised Warrants: Any remaining unexercised warrants continue under their original terms; no additional incentive warrants will be issued for them.
• Use of Proceeds: Net proceeds will advance exploration programs, specifically geophysical surveys and drilling at the Hot Springs Range project, and for general working capital purposes.

Notable Quotes

• None provided in the text.