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Financings

Optimus Gold arranges $900,000 private placement

By The Northwire Desk — AI Analysis Jan 14, 2026 · 15:45 OTS · 0.08 Optimus Gold Corp
OTS · Price

Executive Summary

  • Optimus Gold Corp. announced a private placement financing up to $900,000 through the sale of 15 million units at $0.06 per unit.
  • Each unit includes one common share and one transferable warrant allowing purchase of an additional share at $0.08 for one year.
  • Up to $250,000 of the financing will be issued on a flow‑through basis, granting tax benefits to investors.

Key Details

  • Units Offered: 15 million units @ $0.06 per unit → total potential gross proceeds of $900,000.
  • Unit Composition: 1 common share + 1 transferable warrant (exercise price $0.08 per share, exercisable for one year).
  • Flow‑Through Component: Up to $250,000 of the units will be issued as flow‑through shares, providing tax deductions to investors under the Canadian Income Tax Act.
  • Use of Proceeds: Payment of debt, working capital, and funding of exploration and development activities.
  • Regulatory Relief: Financing relies on an exemption from related‑party requirements of MI 61-101; participation by control persons and insiders is pre‑approved by independent directors.
  • Exchange Filing: Subject to acceptance for filing by the TSX Venture Exchange.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →