Au Gold Corp Closes $300,000 Private Placement

Executive Summary

• Au Gold Corp closed a $300,000 private placement of 6 million units at $0.05 per unit.
• Each unit includes one common share and one whole warrant ($0.10 exercise price, two‑year term).
• Funds will be used for general corporate purposes and to advance mineral exploration on the Company’s properties.

Key Details

• Placement Size: $300,000 gross proceeds.
• Units Sold: 6,000,000 units at $0.05 each.
• Unit Composition: 1 common share + 1 whole warrant ($0.10 exercise price, two‑year expiry).
• Holding Period: All securities subject to a four‑month hold period expiring February 2 2026.
• Finder’s Fees Paid: $3,325.
• Related Party Participation: Two directors purchased/acquired 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 related‑party portion did not exceed 25% of market capitalization.
• Use of Proceeds: General corporate purposes and advancing mineral exploration on Au Gold Corp’s properties.

Notable Quotes

(No quotes were provided in the release.)