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Financings

Highway 50 increases private placement to $2.1-million

By The Northwire Desk — AI Analysis Feb 23, 2026 · 21:04 HWY · 0.45 Highway 50 Gold Corp.
HWY · Price

Executive Summary

  • Highway 50 Gold Corp. has upsized its non-brokered private placement of units, increasing the total gross proceeds to up to $2.1 million.
  • The offering involves the issuance of up to 5.25 million units at a price of $0.40 per unit, with each unit comprising one common share and one common share purchase warrant.
  • Proceeds are designated for a drill program at the Gold Knob project and general working capital.

Key Details

  • Gross Proceeds: Up to $2.1 million.
  • Units Issued: Up to 5.25 million units.
  • Price Per Unit: $0.40.
  • 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 $0.50 per share.
  • Warrant Expiry: One year from the closing date of the offering.
  • Use of Proceeds:
    1. Drill program at the company's Gold Knob project.
    2. General working capital purposes.
  • Hold Period: Four-month hold period applies to securities issued, in accordance with applicable securities laws and exchange rules.
  • Finders' Fees: 6% (or other amount determined by the company) may be paid to arm's-length finders in cash and/or finders' warrants.
  • Regulatory Status: Offering subject to acceptance of the exchange.

Notable Quotes

  • None provided in the text.
Read the original news release →

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Sep 14, 2026 · 07:01

Highway 50 reports a broad 52m interval at 0.60 g/t gold, interpreted as bulk tonnage rather than high-grade bonanza mineralization.

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Highway 50 Gold launches a 5,000m drill campaign at its Gold Knob project following a March capital raise.

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Highway 50 increases private placement to $2.41-million

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Financings