1911 Gold Raises $20M via 7.8M Units at C$0.64 and Flow-Through Units
CEE•1911 Gold has entered a bought deal financing to issue 7,812,500 units at C$0.64, 6,305,200 flow-through units at C$0.793 and additional exploration flow-through units for aggregate gross proceeds of C$20 million. Each unit includes one common share and one-half purchase warrant exercisable under specified terms.
1. Bought Deal Financing Agreement
1911 Gold has entered into a bought deal agreement with Haywood Securities as lead agent and sole bookrunner, alongside a syndicate of underwriters, to raise gross proceeds of C$20 million through the private placement of Offered Securities.
2. Offered Securities and Pricing
The financing comprises 7,812,500 common share units at C$0.64 each, 6,305,200 accelerated Canadian development expense flow-through units at C$0.793 each, and up to three tranches of Canadian exploration expense flow-through units priced between C$0.752 and C$1.011 each.
3. Funding Impact and Warrants
Each unit includes one common share and one-half of a purchase warrant, providing potential upside for investors, while the proceeds will bolster the company’s treasury to advance exploration and development activities.
