Provenance Gold Closes $4.5 Million Private Placement

Executive Summary

• Provenance Gold Corp. closed a non‑brokered private placement raising $4,500,000 in gross proceeds.
• Issued 18,000,000 units at $0.25 per unit, each comprising one common share and half of a warrant (full warrant exercisable at $0.30 per share through 27 Oct 2030).
• Granted 1,530,000 stock options to officers, directors and consultants at an exercise price of $0.30 per share, with a 60‑month term and immediate vesting.

Key Details

• Offering Size & Pricing
• Gross proceeds: $4,500,000.

• Units issued: 18,000,000 at $0.25/unit.

• Unit Composition

• Each Unit = 1 common share + ½ warrant.

• Full warrant allows purchase of one additional share at $0.30 per share, exercisable until 27 Oct 2030.

• Broker Warrants

• Paid $156,000 to an arms‑length brokerage firm.

• Issued 624,000 broker warrants, exercisable on the same terms as subscriber warrants.

• Resale Restrictions

• All securities subject to resale restrictions until 28 Feb 2026 (per securities law).

• Additional subscriber‑specific resale restriction until 27 Oct 2026.

• Stock Options Grant

• Total options granted: 1,530,000.
• Exercise price: $0.30 per share.
• Term: 60 months from grant date.

• Vesting: Immediate.

• Exploration Update (Non‑material)

• Two drill rigs continue operating at Eldorado West; assay results pending.

Notable Quotes

(No direct quotes were provided in the release.)