Relevant Gold arranges $15-million financing

Executive Summary

• Relevant Gold Corp. has arranged a non-brokered strategic financing for gross proceeds of approximately $15 million.
• The financing consists of 30 million common shares priced at $0.50 per share and includes participation from strategic investors Kinross Gold Corp., William Bollinger, and Rob McEwen.
• Proceeds will be primarily used to advance exploration at the Apex and Lewiston projects in Wyoming, including drilling, geophysical surveys, and permitting, with potential use for property acquisitions.

Key Details

• Gross Proceeds: Approximately $15 million.
• Share Price: $0.50 per common share.
• Total Shares Issued: 30 million common shares.
• Structure: Concurrent non-brokered private placement and a Listed Issuer Financing Exemption (LIFE) offering pursuant to Part 5A of National Instrument 45-106.
• Strategic Investors:
  • Kinross Gold Corp.
  • William Bollinger
  • Rob McEwen
• Ownership Maintenance: Kinross and Mr. Bollinger intend to participate to maintain 19.9% ownership positions post-closing.
• Hold Periods:
  • Private Placement portion: Subject to a statutory four-month hold period.
  • LIFE offering portion: No statutory hold period; immediate liquidity upon closing.
• Use of Proceeds:
  • Drilling programs at Apex and Lewiston projects.
  • Regional exploration and geophysical surveys/target development.
  • Permitting and exploration support activities.
  • Working capital and general corporate purposes.
  • Private placement proceeds may also be used for potential property acquisitions or strategic transactions.
• Closing Conditions: Expected to close in one or more tranches, subject to customary conditions including approval of the TSX Venture Exchange.
• Finder’s Fees: The company may pay finders' fees consisting of a percentage cash commission and/or finders' warrants.

Notable Quotes

• "This financing represents an important step forward for Relevant Gold as we continue advancing our district-scale exploration strategy in Wyoming... With this financing, we are well positioned to significantly expand drilling at Apex and Lewiston, and accelerate our path toward discovery. This capital allows us to meaningfully scale exploration with the goal of advancing toward resource definition and establishing what we believe could become a significant new gold belt in Wyoming." — Rob Bergmann, CEO