Four Nines closes $760,000 first tranche of financing

Executive Summary

• Four Nines Gold Inc. closed the first tranche of its non‑brokered private placement, issuing 3.8 million units for gross proceeds of $760,000.
• Each unit was priced at $0.20 and included one common share plus half a transferable warrant (exercise price $0.35, two‑year term).
• Proceeds will be used for general working capital and to fund mineral exploration and advancement of the Hayden Hill gold‑silver project.

Key Details

• Units Issued: 3,800,000 units at $0.20 per unit → Gross proceeds: $760,000.
• Unit Composition: 1 common share + ½ transferable warrant per unit.
• Warrant Terms: Right to purchase one share at $0.35 per warrant share; exercisable for two years from issuance. Acceleration clause allows the company to terminate warrants early if CSE price ≥ $0.50 for 10 consecutive trading days after four months + 1 day post‑closing.
• Use of Proceeds: General working capital; mineral exploration and advancement of Hayden Hill gold‑silver project in Northern California.
• Related Party Transaction: Director Joseph Yelder subscribed for 50,000 units ($10,000). Exemptions under MI 61‑101 applied (fair market value ≤ 25 % of market cap); no material change report filed as insider participation was not determined at filing time.
• Statutory Hold Period: All securities from the placement subject to a four‑month‑and‑one‑day hold period.
• Equity Incentive Grants: 700,000 stock options and 50,000 restricted stock units (RSUs) granted to directors and officers. Options exercisable at $0.33 per share, five‑year term; both options and RSUs subject to the same four‑month‑and‑one‑day hold period under the omnibus equity incentive plan.

Notable Quotes

• No executive quotes were included in this release.