Northwire Canada EditionTuesday, August 18, 2026
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Financings

1911 Gold increases financings for total of $17-million

By The Northwire Desk — AI Analysis Sep 19, 2025 · 16:58 AUMB · 0.57 1911 Gold Corporation
AUMB · Price

Executive Summary

  • 1911 Gold Corp. announced an upsized best‑efforts private placement and listed issuer financing exemption offering to raise up to C$17 million (≈ US$16.96 M).
  • The offering includes flow‑through (CEE) shares at C$0.64, accelerated development (CDE) shares at C$0.554, non‑flow‑through shares at C$0.45 and additional CEE PP shares, with aggregate gross proceeds of up to $16,957,318.
  • Closing is expected on or about Oct. 15 2025, subject to TSX‑V conditional listing approval and other closing conditions.

Key Details

  • Offering Size & Structure
  • Up to 3,184,000 CEE LIFE shares at C$0.64 per share → max gross proceeds $10,238,068.
  • Up to 14,802,000 CDE offered shares at C$0.554 per share → included in the above gross total.
  • Up to 6,889,000 non‑FT common shares at C$0.45 per share → max gross proceeds $6,719,250.

  • Up to 5,655,000 CEE PP shares (flow‑through) at the same CEE issue price → included in the $6.72 M total for non‑FT and CEE PP shares.

  • Total Aggregate Gross Proceeds: $16,957,318 (≈ C$17 million).

  • Option to Upsell: Agents may sell an additional 15 % of the marketed offering in CEE offered shares at the same issue price, exercisable up to 48 hours before closing.

  • Use of Proceeds

  • CEE LIFE shares: Funds must be used for qualifying Canadian exploration expenditures by Dec 31 2026; renounced to purchasers by Dec 31 2025.
  • CDE offered shares: Funds must be used for accelerated Canadian development expenses by Dec 31 2026; renounced by Dec 31 2026.

  • Non‑FT shares: General corporate and working capital purposes.

  • Resale & Hold Periods

  • CEE LIFE and CDE shares: No resale restrictions.

  • Non‑FT and CEE PP shares: Subject to a hold period of four months + one day from closing (Canada).

  • Commission & Compensation to Agents

  • Cash commission: 6 % of gross proceeds (reduced to 3 % for certain President’s List purchases).

  • Non‑transferable compensation options: 6 % of offered shares sold (reduced to 3 % for President’s List); exercisable at the non‑FT issue price for 24 months (or 9 months for President’s List).

  • Closing Conditions: Subject to receipt of all required approvals, including conditional TSX‑V listing and securities regulator sign‑offs.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Financings