Independence Gold arranges $5-million private placement

Executive Summary

• Independence Gold Corp. has arranged a proposed non-brokered equity financing with a maximum aggregate value of $5.0 million.
• The offering consists of flow-through common shares priced at 11 cents and units priced at 10 cents, with a combined maximum issuance of 50 million shares.
• Proceeds are primarily designated for eligible Canadian exploration expenditures on the 3Ts project in British Columbia and the Boulevard project in Yukon, with a portion allocated for general and administrative purposes.

Key Details

• Financing Structure: Non-brokered equity financing comprising flow-through common shares (FT shares) and units.
• Pricing:
  • Flow-through common shares: 11 cents per share.
  • Units: 10 cents per unit.
• Maximum Proceeds: Up to $5.0 million.
• Share Count: Combined total of a maximum 50 million shares issued.
• Warrant Terms: Each unit includes one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at an exercise price of 15 cents per share for a period of 24 months.
• Use of Proceeds:
  • FT Share Proceeds: Eligible Canadian exploration expenditures qualifying as flow-through mining expenditures for the 3Ts project (British Columbia) and the Boulevard project (Yukon).
  • Unit Proceeds: A portion intended for general and administrative purposes.
• Renunciation: All qualifying expenditures will be renounced in favor of FT share subscribers effective December 31, 2025.
• Closing Timeline: Expected to close on or before December 19, 2025.
• Conditions: Subject to compliance with applicable securities laws and approval of the TSX Venture Exchange.
• Hold Period: Securities issued are subject to a four-month hold period.
• Finder’s Fees: May be payable to eligible arm's-length persons for certain subscriptions, subject to regulatory approval.