Clear Gold investor Ross acquires 2.41 million shares

Executive Summary

• Investor Adam Ross acquired 2,414,843 common shares of Clear Gold Resources Inc. in a share‑for‑debt transaction at an implied price of $0.06375 per share.
• The acquisition gives Ross approximately 12.63 % beneficial ownership of the company on an undiluted basis, representing his first equity position in Clear Gold.
• No convertible securities were acquired; the investor may adjust his holdings in the future subject to market conditions.

Key Details

• Acquisition size: 2,414,843 common shares.
• Implied purchase price: $0.06375 per share (6.375 cents).
• Pre‑acquisition ownership: 0 % of issued and outstanding common shares; no convertible securities held.
• Post‑acquisition ownership: ~12.63 % of issued and outstanding common shares on an undiluted basis, with full beneficial ownership, control, and direction over the acquired shares.
• Transaction type: Share‑for‑debt exchange (details of debt exchanged not disclosed).
• Purpose: Investment; investor may increase or decrease holdings in the future based on market conditions and other opportunities.
• Regulatory filing: Early Warning Report filed pursuant to National Instrument 62‑103; additional information available on SEDAR+.

Notable Quotes

(No direct quotes provided in the release.)