Northwire Canada EditionMonday, August 3, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Financings

Optimus Gold arranges $900,000 private placement

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 →