AUQ Gold Mining's $1-million financing fully subscribed

Executive Summary

• AUQ Gold Mining Inc. completed a fully‑subscribed $1.0 million non‑brokered private placement of units, each consisting of one common share and one warrant.
• The warrants allow purchase of an additional common share at $0.50 per share for 24 months from issuance.
• Proceeds are earmarked for exploration and engineering of the Bellechase‑Timmins gold project, completion of its acquisition, evaluation of other resource properties, debt repayment, and general corporate purposes.

Key Details

• Offering Size: $1,000,000 total gross proceeds (non‑brokered private placement).
• Units Structure: 1 common share + 1 warrant per unit; each warrant exercisable at $0.50 per share for a 24‑month period from issue date.
• Subscription Status: Fully subscribed as of July 14, 2025; closing to occur shortly thereafter.
• Statutory Hold Period: All securities subject to a four‑month plus one day hold period under applicable securities legislation.
• Finder’s Fees: Company may pay finder’s fees in accordance with exchange policies.
• Use of Proceeds:
• Exploration and engineering activities on the Bellechase‑Timmins gold project (Quebec).
• Funding payments to complete acquisition of the Bellechase‑Timmins project.
• Acquisition and evaluation of additional resource properties worldwide.
• Repayment of outstanding debt.
• Working capital and general corporate purposes.

Notable Quotes

No direct quotes were provided in the release.