Compass Gold arranges $600,000 private placement

Executive Summary

• Compass Gold Corp. announced a fully‑subscribed private placement of 4 million units at $0.15 per unit, raising $600,000 in gross proceeds.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price $0.20, two‑year term).
• Proceeds will fund the development and initial execution of Compass’s small‑mine strategy at Massala and general corporate purposes.

Key Details

• Offering Size & Price: 4 million units @ $0.15 per unit = $600,000 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (right to purchase one additional common share at $0.20).
• Warrant Terms: Exercise price $0.20; exercisable for two years from issuance.
• Use of Proceeds: Finance continuing development and initial execution of the small‑mine strategy at Massala; general corporate purposes.
• Closing Date: Expected on or about Sept. 24, 2025; may close in multiple tranches.
• Regulatory Conditions: Subject to TSX Venture Exchange approval and other regulatory approvals.
• Insider Participation: Insiders (officers/directors) may participate; such participation qualifies as a related‑party transaction exempt from MI 61‑101 valuation/minority‑shareholder approval requirements.
• Finder’s Fees: Up to 7 % of gross proceeds may be paid in cash to finders introducing purchasers.
• Hold Period: All securities issued are subject to a hold period expiring four months and one day after issuance.

Notable Quotes

“On behalf of our board, management and technical teams, we are pleased to receive support for this financing from both existing shareholders and important new investors. This additional capital strengthens our ability to advance and execute our small mine strategy.” – Larry Phillips, President & CEO, Compass Gold Corp.