Four Nines Gold arranges $3-million private placement

Executive Summary

• Four Nines Gold Inc. is launching a non‑brokered private placement of units to raise up to $3.6 million (including a 20% overallotment).
• Units are priced at $0.20 each and consist of one common share plus half of a transferable warrant exercisable at $0.35 per share for two years.
• Proceeds will be used for general working capital and to fund exploration and advancement of the Hayden Hill gold‑silver project in northern California.

Key Details

• Placement Size: Target gross proceeds of $3 million, with a 20% overallotment option raising total possible proceeds to $3.6 million.
• Unit Pricing & Composition:
• Price per unit: $0.20.
• Each unit includes:
  • 1 common share of Four Nines Gold Inc.
  • ½ transferable share purchase warrant.
• Warrant Terms:
• Exercise price: $0.35 per share.
• Term: 2 years from issuance date.
• Acceleration clause: If the CSE (or other exchange) trading price reaches $0.50 or higher for 10 consecutive days after four months + 1 day post‑closing, the company may accelerate expiry; warrants would then expire on the 10th business day after notice.
• Use of Proceeds:
• General working capital.
• Mineral exploration and advancement of the Hayden Hill gold‑silver project.
• Conditions & Fees:
• Placement subject to standard CSE clearing conditions (e.g., comment period).
• Finders’ fees may be payable in connection with the placement.

Notable Quotes

(No executive quotes were provided in the release.)