Highway 50 Gold Upsizes Non-Brokered Private Placement of Units

Executive Summary

• Highway 50 Gold Corp. increased its non‑brokered private placement, now targeting up to $2.414 million in gross proceeds.
• The offering consists of up to 6,035,000 units at $0.40 per unit, each unit containing one common share and one warrant to purchase a share at $0.50 for one year.
• Proceeds will fund a drill program at the Gold Knob project and provide general working capital.

Key Details

• Offering Size: Up to 6,035,000 units (each = 1 common share + 1 warrant).
• Purchase Price: $0.40 per unit, representing a total potential gross proceeds of $2,414,000.
• Warrant Terms: Each warrant allows purchase of one common share at $0.50 per share for 12 months from the closing date.
• Use of Proceeds:
• Drill program at the Gold Knob project.
• General working capital purposes.
• Regulatory Condition: Offering subject to acceptance by the TSX Venture Exchange.
• Holding Period: Securities subject to a four‑month hold period under applicable securities laws and exchange rules.
• Finder’s Fees: Up to 6 % (or other amount as determined) may be paid to arm’s‑length finders in cash and/or warrants on some or all proceeds.
• U.S. Securities Law Disclaimer: Units are not registered under the U.S. Securities Act and may not be offered/sold in the United States except pursuant to exemptions.

Notable Quotes

• “We are pleased to increase the size of our private placement, which will provide the necessary capital to advance our Gold Knob drill program and support ongoing operations,” – Gordon P. Leask, President, CEO & Director.