Au Gold arranges $250,000 private placement

Executive Summary

• Au Gold Corp. announced a non‑brokered private placement of $250,000 consisting of 5 million units at $0.05 per unit.
• Each unit includes one common share and one whole warrant (exercise price $0.10) exercisable for two years.
• Proceeds will be allocated to general corporate purposes and exploration activities on the company’s mineral properties, including ongoing work at the Ponderosa property in British Columbia.

Key Details

• Placement Size: $250,000 total gross proceeds.
• Units Offered: 5,000,000 units @ $0.05 per unit.
• Unit Composition: 1 common share + 1 whole warrant (exercise price $0.10).
• Warrant Term: Warrants are valid for two years from issuance.
• Holding Period: Securities subject to a lock‑up of four months and one day pursuant to securities law requirements.
• Use of Proceeds: General corporate purposes; funding exploration programs on existing mineral properties, specifically the Ponderosa property near Merritt, B.C., and evaluation of additional gold assets for potential acquisition.

Notable Quotes

(No direct quotes were provided in the release.)