ICG Silver & Gold closes $1.73-million offering

Executive Summary

• ICG Silver & Gold Ltd. closed a non-brokered unit offering, raising $1.73 million in gross proceeds.
• The company confirmed it will begin trading on the Canadian Securities Exchange (CSE) under the ticker symbol "ICG" on March 31, 2026.
• Total gross proceeds raised to date are $6.2 million, fully financing the company's Phase 1 exploration program at the Tuscarora district in Nevada.

Key Details

• Transaction Structure: Non-brokered unit offering.
• Units Issued: 4,943,369 units.
• Price Per Unit: $0.35 CAD.
• Gross Proceeds: $1,730,179.15.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms (Investors):
  • Exercise Price: $0.50 per share.
  • Duration: 24 months from the listing of shares on the CSE.
• Finder’s Fees:
  • Cash Fees Paid: $80,178.70.
  • Warrants Issued to Finders: 229,082 common share purchase warrants.
  • Finder’s Warrant Terms: Exercisable at $0.50 per share for 24 months from issuance.
• Hold Periods: Both shares and warrants are subject to a statutory hold period of four months plus one day from the date of issuance.
• Use of Proceeds: Advancing Phase 1 exploration program at the Tuscarora district (Nevada), costs of public listing, marketing, investor relations, and general working capital.
• Capital Raised to Date:
  • Total since inception: $6.2 million.
  • Total from unit offering + previously completed subscription receipt offering: ~$4.5 million.
• Trading Information: Trading begins on the Canadian Securities Exchange (CSE) on March 31, 2026, under ticker symbol "ICG".

Notable Quotes

• "With the closing of the unit financing, ICG is now fully financed to rapidly advance the Tuscarora district through its phase 1 drill program in the summer and toward a first mineral resource estimate."