Gemdale Gold Announces Approval for Listing on the TSX Venture Exchange

Executive Summary

• Gemdale Gold Inc. received TSX Venture Exchange approval; its common shares will begin trading under ticker “GEMG” on Feb 11, 2026.
• The conversion of subscription receipts generated C$4.276 million in gross proceeds, and a strategic investment from Eldorado Gold Corp. adds an additional C$2.4 million.
• Proceeds are earmarked for advancing exploration at the Pontio Gold Project and other corporate purposes.

Key Details

• TSX‑V Listing: Approval to list Common Shares; trading commences 11 Feb 2026, ticker “GEMG”.
• Subscription Receipt Conversion: 4,276,550 units automatically converted (no additional payment) at C$1.00 per Unit → C$4,276,550 gross proceeds released from escrow.
• Unit Structure: Each Unit = 1 Common Share + ½ Common Share purchase warrant; warrants exercisable at C$1.30 for 24 months.
• Finder’s Fee: Paid to Leede Financial Inc. – C$15,660 (paid upon escrow release). Issued 15,660 broker warrants (each for one Common Share).
• Post‑listing Share Count: Expected 21,102,722 common shares outstanding; 8,328,960 subject to escrow/re‑sale restrictions per NP 46‑201.
• Strategic Investment – Eldorado Gold Corp.: Subscription agreement dated 15 Jan 2026 for 2,000,000 “Eldorado Units” at C$1.20 each → C$2,400,000 gross proceeds. Each unit = 1 Common Share + ½ warrant; no finder’s fees/commissions. Closing no later than 15 Feb 2026, conditional on listing.
• Use of Proceeds: Advance exploration at principal properties (notably Pontio Gold Project) and general corporate purposes.
• Exploration Highlights (contextual): Over 10,000 m drilled on Pontio; near‑surface gold mineralization along ~4 km strike length; additional drill program planned.

Notable Quotes

“Listing on the TSX Venture Exchange is an important milestone for Gemdale… We believe the listing will enhance our visibility and access to the public capital markets as we continue to advance our exploration programs.” – Patrick Chidley, Executive Chairman

Materiality Assessment: Material – Positive (significant financing, public‑market debut, and strategic investment).