Strikepoint Gold increases placement to $3.11-million

Executive Summary

• Strikepoint Gold Inc. has upsized its previously announced non-brokered private placement under the Listed Issuer Financing Exemption (LIFE offering) due to strong investor demand.
• The offering now consists of up to 20,797,460 units at a price of $0.15 per unit, generating gross proceeds of up to $3,119,000.
• Net proceeds will be used for exploration activities at the Hercules and Cuprite gold projects in Nevada, as well as general working capital.

Key Details

• Offering Size: Upsized to up to 20,797,460 units.
• Price: $0.15 per unit.
• Gross Proceeds: Up to $3,119,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant is exercisable into one common share.
  • Exercise Price: $0.30 per share.
  • Duration: 24 months from closing.
  • Lock-up: Warrants are not exercisable for 60 days after the date of issue.
• Use of Proceeds: Exploration activities at the Hercules gold project and Cuprite gold project (Nevada), plus general working capital.
• Regulatory Status: Available to purchasers resident in Canada (except Quebec) under National Instrument 45-106. Not subject to a hold period, except for the 60-day warrant lock-up.
• Closing Conditions: Subject to approval by the TSX Venture Exchange (TSX-V).
• Insider Participation: Insiders intend to subscribe for units; this is a related party transaction. A material change report will be filed less than 21 days before closing.
• Finder’s Fees: The company may pay finders' fees and issue finder's warrants (exercisable at $0.30/share for 24 months, subject to a statutory hold period of four months and one day from closing).
• Documentation: An amended and restated offering document dated Nov. 3, 2025, is available on SEDAR+ and the company website.

Notable Quotes

• "As a result of strong investor demand, Strikepoint Gold Inc. has increased the size of its previously announced non-brokered private placement..."