ICG Silver & Gold Raises $1.73M, Brings Total Funding to $6.2M for Nevada Exploration
ICG Silver & Gold closed a non-brokered unit offering on March 30, issuing 4.94 million units at CA$0.35 each for gross proceeds of CA$1.73 million, bringing total funding since inception to CA$6.2 million. Proceeds will finance its Phase 1 drill program at Nevada’s Tuscarora District and cover listing, marketing and capital costs.
1. Unit Offering and Warrant Structure
ICG Silver & Gold closed a non-brokered unit offering on March 30, issuing 4,943,369 units at CA$0.35 each for gross proceeds of CA$1.73 million. Each unit comprised one common share and one-half of a share purchase warrant exercisable at CA$0.50 for 24 months. The company paid CA$80,178.70 in cash finders’ fees and issued 229,082 compensation warrants on the same terms.
2. Funding Use and Exploration Program
Net proceeds will fund the company’s Phase 1 drill program at the Tuscarora District in northern Nevada, advance permitting and resource definition, cover listing and marketing expenses, and support general working capital. With total capital raised reaching CA$6.2 million since inception, the company is fully financed to commence summer drilling and progress toward its first mineral resource estimate.
3. CSE Listing Date
The company’s common shares and warrants will begin trading on the Canadian Securities Exchange at market open on March 31, 2026 under the symbol ICG, following completion of the unit offering and applicable statutory hold periods.