Toogood Announces Private Placement

Executive Summary

• Toogood Gold Corp. announced a non‑brokered private placement of up to 6,666,666 Units at C$0.30 per Unit, targeting gross proceeds of C$2 million (potentially up to C$3 million if the over‑allotment is exercised).
• Each Unit consists of one common share and half of a common‑share purchase warrant exercisable at C$0.45 for two years.
• Proceeds will be used for working capital and ongoing/future exploration at the Toogood Gold Project on New World Island, Newfoundland.

Key Details

• Units Offered: 6,666,666 (with optional increase to 10,000,000).
• Price per Unit: C$0.30.
• Gross Proceeds Target: Up to C$2 million; over‑allotment could raise total proceeds to up to C$3 million.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant exercisable at C$0.45 per share).
• Warrant Terms: Exercise price C$0.45; term of two years from issuance date.
• Use of Proceeds: Working capital and exploration programs for the Toogood Gold Project.
• Closing Date: Expected on or about October 22, 2025, subject to customary closing conditions and TSX Venture Exchange approval.
• Hold Period: Securities subject to a hold period of four months and one day from the closing date.
• Finder’s Fees: Company may pay finder’s fees in accordance with applicable securities laws and TSX Venture Exchange policies.

Notable Quotes

• “The capital raised will enable us to advance our flagship Toogood Gold Project, supporting both immediate working‑capital needs and the next phase of exploration,” – Colin Smith, Director & CEO.