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Financings

Tiger Gold Corp. Announces Closing of Upsized RTO Financing and Prepares for Listing on the TSX-V

By The Northwire Desk — AI Analysis Nov 18, 2025 · 14:49 YVR · 0.08 None
YVR · Price

Executive Summary

  • Tiger Gold Corp. closed a brokered private placement of 32,600,000 subscription receipts at $0.50 each, raising approximately $16.3 million in gross proceeds.
  • The proceeds bring total financing since October 2024 to about $23 million, fully funding the expansion of Tiger’s flagship Quinchía Gold Project for the next 12‑18 months.
  • The private placement is tied to a three‑cornered amalgamation with Badger Capital Corp., which will acquire all of Tiger’s securities; Badger plans a 2:1 share consolidation and intends to list Tiger (ticker TIGR) on the TSX‑V in Q4 2025.

Key Details

  • Offering Structure:
  • 32,600,000 subscription receipts issued at $0.50 each → $16,300,000 gross proceeds.

  • Closing in three tranches: 1,871,000 (Oct 31 2025), 600,000 (Nov 4 2025), 30,129,000 (Nov 6 2025).

  • Agent Compensation:

  • Cash commission up to 6% of gross proceeds.
  • Corporate finance cash fee 1% of non‑brokered portion plus warrants equal to 1% of those receipts.

  • Broker warrants equal to 6% of total receipts; corporate finance shares equal to 1% of total receipts.

  • Escrow Arrangements:

  • 50 % of agents’ expenses, commission and cash corporate finance fee held in escrow with Odyssey Trust Company, interest‑bearing, release by May 5 2026 upon satisfaction of conditions.

  • Conversion Mechanics:

  • Upon escrow release, each subscription receipt converts automatically into one “Unit” (1 common share + ½ warrant).

  • Unit warrants exercisable at $1.00 per Tiger share for three years from escrow release.

  • Amalgamation Details:

  • Badger Capital Corp. will acquire all issued and outstanding securities of Tiger via a three‑cornered amalgamation with Badger’s subsidiary (1551674 B.C. Ltd.).
  • Transaction subject to TSX‑V approval; intended as Badger’s “Qualifying Transaction” under TSXV Policy 2.4.

  • Post‑transaction, Badger will consolidate its common shares 2:1.

  • Use of Proceeds:

  • Net proceeds (after escrow release) earmarked for exploration on Tiger’s projects and general corporate/working‑capital purposes.

  • Listing Plans:

  • Tiger has reserved ticker TIGR on the TSX‑V; anticipated listing in Q4 2025.

  • Financial Context:

  • Total financing to date (since Oct 2024) ≈ $23 million, indicating Tiger is fully funded for its near‑term development program.

Notable Quotes

(No direct CEO quotes were included in the release.)

Read the original news release →

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