Au Gold closes $300,000 private placement

Executive Summary

• Au Gold Corp. closed a $300,000 private placement of six million units at $0.05 per unit.
• Each unit includes one common share and one 10‑cent warrant exercisable for two years; securities are subject to a four‑month hold period expiring Feb 2 2026.
• Proceeds will be used for general corporate purposes and to advance mineral exploration on the company’s properties.

Key Details

• Placement Size: $300,000 raised from six million units priced at $0.05 each.
• Unit Composition: 1 common share + 1 whole warrant (10‑cent strike, two‑year term).
• Hold Period: Four‑month lock‑up on all securities, ending Feb 2 2026.
• Finder’s Fees: $3,325 paid to eligible parties.
• Related Party Participation: Two directors acquired a total of 950,000 units; transaction qualifies as a related‑party transaction under TSX Venture Exchange Policy 5.9 and MI 61‑101.
• Exemptions Relied Upon: Exempted from formal valuation and minority shareholder approval because the fair market value of the consideration did not exceed 25 % of the company’s market capitalization.
• Use of Proceeds: General corporate purposes and further mineral exploration on Au Gold Corp.’s properties.

Notable Quotes

(No direct quotes provided in the release.)