Paradigm arranges $1.05-million private placement

Executive Summary

• Paradigm Gold Corp. announces a non‑brokered private placement of up to 9 million units for total gross proceeds of $1.05 M.
• The raise will fund working capital and an exploration program on the 100% owned Swift‑Katie Cu‑Au project in British Columbia.
• Units consist of flow‑through (FT) and non‑flow‑through (NFT) common shares each paired with half‑share purchase warrants; warrants exercisable at $0.15 for three years.

Key Details

• Offering Structure:
• Up to 6 M FT units @ C$0.125 per unit → gross proceeds $750,000.
• Up to 3 M NFT units @ C$0.10 per unit → gross proceeds $300,000.
• Unit Composition:
• FT unit = 1 flow‑through common share + ½ warrant.
• NFT unit = 1 non‑flow‑through common share + ½ warrant.
• Warrant Terms: Exercise price C$0.15 per share; exercisable for three years from issuance.
• Holding Period: Securities subject to a four‑month‑plus‑one‑day hold period.
• Use of Proceeds: Working capital and financing costs for exploration on the Swift‑Katie project (five priority targets over 2,500 m strike length).
• Project Overview – Swift‑Katie:
• Location: 7 km SW of Salmo, B.C.; 19 MTO & Legacy claims ≈8,797 ha.
• Targets: Katie copper‑gold‑silver porphyry (analogue to Copper Mountain) and Swift gold target (analogous to Rossland veins).
• Historical Exploration Highlights:
• 2017 drilling on Swift gold target: 2.5 m @ 11.5 g/t Au & 6.7 g/t Ag (hole SK17‑015); 8.6 m @ 3.1 g/t Au & 2.0 g/t Ag (hole SK17‑019).
• Trenching: 2 m averaging 100.1 g/t Au (historical, not independently verified).
• Katie Target Historic Drill Highlights:
• 101.5 m @ 0.19 % Cu & 0.12 g/t Au (hole VKT08‑069).
• 64 m @ 0.16 % Cu & 0.29 g/t Au (hole VKT08‑071).
• Qualified Person: Robert Macdonald, MSc, PGeo – Exploration Manager, NI 43‑101 qualified; approved release.

Notable Quotes

(No direct quotes provided in the release.)