Avidian Gold sells 4.7 million High Tide shares

Executive Summary

• Avidian Gold Corp. closed the first tranche of a share purchase agreement, selling 4.7 million High Tide Resources Corp. common shares at C$0.04 per share for gross proceeds of $280,000.
• The company will sell an additional 2.3 million shares in a second tranche expected to close around Oct. 8 2025.
• Post‑sale, Avidian’s ownership in High Tide fell from ~25.3% to ~19.88%, reducing its stake by approximately 5–7 percentage points.

Key Details

• First Tranche: 4.7 million High Tide common shares sold at C$0.04 per share; total gross proceeds = $280,000.
• Second Tranche: Commitment to sell an additional 2.3 million shares at the same price; expected closing ≈ Oct. 8 2025.
• Ownership Impact – Pre‑sale: 21,842,020 High Tide shares owned (≈25.3% of outstanding on a non‑diluted/partially diluted basis).
• Ownership Impact – Post‑first Tranche: 17,142,020 High Tide shares retained (≈19.88% of outstanding on a non‑diluted/partially diluted basis).
• Percentage Change: Ownership percentage decreased by 7.4 pp relative to the trading date and 5.4 pp relative to the pre‑sale baseline.
• Future Flexibility: Avidian may increase or decrease its High Tide position as circumstances dictate.

Notable Quotes

(No direct quotes were provided in the release.)