Upside Gold Announces Closing Of Upsized Non-Brokered Private Placement

Executive Summary

• Upside Gold Corp. closed an upsized non‑brokered private placement, raising $800,000 in gross proceeds.
• The company issued 2,000,000 common shares at $0.40 per share, up from the originally announced amount due to strong investor demand.
• Proceeds will be used to support corporate initiatives, strengthen the balance sheet, and potentially fund acquisition opportunities.

Key Details

• Offering Size: $800,000 gross proceeds.
• Shares Issued: 2,000,000 common shares at $0.40 per share.
• Upsizing Reason: Increased investor demand, including interest from strategic investors.
• Use of Proceeds: Support ongoing corporate initiatives, balance‑sheet strengthening, and possible acquisitions.
• Regulatory Basis: Completed under National Instrument 45-106 prospectus exemptions.
• Statutory Hold Period: Shares subject to a four‑month‑plus‑one‑day hold period from issuance.
• Finder’s Compensation: Paid $30,450 cash plus 76,125 non‑transferable finder’s warrants (each warrant allows purchase of one common share at $0.40 for twelve months).
• Closing Condition: Subject to final acceptance by the Canadian Securities Exchange.

Notable Quotes

“We are pleased to close this upsized financing and appreciate the strong interest from new and strategic investors,” said Sophy Cesar, CEO of Upside Gold Corp. “This financing enhances our financial position and supports the continued execution of our corporate strategy.”