Avidian Gold Announces Non-Brokered Private Placement for Gross Proceeds of up to $750,000

Executive Summary

• Avidian Gold Corp. announced a non‑brokered private placement of up to 5,769,231 units at $0.13 per unit, targeting gross proceeds of approximately $750,000.
• The company has an “Upsize Option” that could increase the offering by up to 25 % (an additional 1,442,308 units for up to $187,500), potentially raising total proceeds to about $937,500.
• Proceeds will be used for exploration on its mineral properties and for general corporate and working‑capital purposes; closing is expected around April 15, 2026.

Key Details

• Units Offered: Up to 5,769,231 units (each unit = 1 common share + ½ warrant).
• Price per Unit: $0.13.
• Maximum Gross Proceeds (base offering): ≈ $750,000.
• Upsize Option: Up to 1,442,308 additional units (≈ 25 % of base size) at the same price, adding up to ≈ $187,500 in gross proceeds.
• Potential Total Gross Proceeds if Fully Subscribed & Upsized: ≈ $937,500.
• Total Units If Fully Subscribed & Upsized: 7,211,539 units.
• Warrant Terms: Each warrant (half per unit) gives the holder the right to purchase one additional share at $0.25 per share for 36 months from closing.
• Use of Proceeds: Exploration activities on Avidian’s mineral properties; general corporate and working‑capital purposes.
• Closing Date Target: On or about April 15, 2026, subject to regulatory approvals (including TSX Venture Exchange).
• Hold Period: Securities issued will be subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Related Party Participation: Certain directors and officers (“Insiders”) may participate; the transaction is expected to qualify for exemptions under MI 61‑101 because neither the fair market value nor consideration exceeds 25 % of market capitalization.
• Finder’s Fees: May be paid to eligible finders in accordance with TSX Venture Exchange policies.

Notable Quotes

(No direct quotes were included in the release.)