Independence Gold arranges $750,000 financing

Executive Summary

• Independence Gold Corp. announced a non‑brokered private placement of flow‑through common shares at C$0.105 per share, targeting gross proceeds of $750,000.
• The offering will issue 7,142,858 shares, with proceeds earmarked for eligible Canadian exploration expenditures on the 3Ts gold‑silver project in British Columbia.
• Finders’ fees and warrants may be payable to arm’s‑length persons; securities will carry a four‑month‑and‑one‑day hold period pending TSX‑V approval.

Key Details

• Offering Structure: Non‑brokered equity financing of flow‑through common shares.
• Price per Share: C$0.105 (10.5 cents).
• Gross Proceeds Target: $750,000 CAD.
• Number of Shares to be Issued: 7,142,858 flow‑through shares.
• Use of Proceeds: To fund eligible Canadian exploration expenditures that qualify as flow‑through mining expenses under the Income Tax Act (Canada) for the 3Ts gold and silver project in British Columbia.
• Renunciation Date: All qualifying expenditures will be renounced to subscribers effective December 31, 2026.
• Finders’ Compensation: Finders’ fees and finders’ warrants may be payable to eligible arm’s‑length persons for certain subscriptions, subject to securities law compliance.
• Regulatory Conditions: Closing subject to receipt of all required regulatory approvals, including TSX Venture Exchange (TSX‑V) approval.
• Hold Period: Issued securities will be subject to a four‑month‑and‑one‑day hold period after issuance.

Notable Quotes

(No executive quotes were provided in the release.)