Avidian Gold sells 4.7 million High Tide shares

Executive Summary

• Avidian Gold Corp. has closed the first tranche of a share purchase agreement to sell 4.7 million common shares of High Tide Resources Corp. at $0.04 per share, resulting in total gross proceeds of $280,000 for this tranche.
• The transaction triggers an Early Warning Report filing as Avidian’s ownership stake in High Tide dropped from approximately 25.3% to 19.88% (a decrease of 5.4% on a non-diluted/partially diluted basis).
• A second tranche of 2.3 million shares is agreed upon at the same price, with closing expected around October 8, 2025, which would further reduce Avidian’s holding.

Key Details

• Transaction Structure: Sale of High Tide Resources Corp. common shares via a share purchase agreement dated Sept. 16, 2025, with an arm's-length purchaser.
• First Tranche Details:
  • Quantity: 4.7 million common shares.
  • Price: $0.04 per share.
  • Gross Proceeds: $188,000 (4.7M * $0.04). Note: The text states total gross proceeds of the sale of the "subject shares" is $280,000, which likely refers to the total value of both tranches (7M shares * $0.04 = $280,000).
• Second Tranche Details:
  • Quantity: 2.3 million common shares.
  • Price: $0.04 per share.
  • Expected Closing Date: On or around Oct. 8, 2025.
• Ownership Changes:
  • Pre-sale holding: 21,842,020 shares (~25.3% of issued/outstanding shares).
  • Post-first-tranche holding: 17,142,020 shares (~19.88% of issued/outstanding shares).
  • Percentage Decrease: 5.4% (compared to immediately prior to sale) and 7.4% (compared to the trading date of Feb. 25, 2022).
• Company Context: Avidian Gold holds a 100% interest in the Jungo gold-copper property in Nevada. High Tide Resources owns the Labrador West iron project (inferred resource: 654.9M tonnes at 28.84% Fe) and the Lac Pegma copper-nickel-cobalt deposit.

Notable Quotes

• "Avidian reviews its holdings from time to time and may increase or decrease its position as future circumstances may dictate."