Core Viewpoint - Probe Gold Inc. has successfully closed an upsized bought-deal private placement, raising a total of $45,275,000 through the issuance of common shares and flow-through shares [1][3]. Group 1: Offering Details - The Offering consisted of 6,250,000 flow-through shares priced at $3.24 each, generating gross proceeds of $20,250,000 [1]. - Additionally, 13,750,000 common shares were sold at $1.82 each, resulting in gross proceeds of $25,025,000 [1]. - The total gross proceeds from the Offering amount to $45,275,000 [1]. Group 2: Use of Proceeds - The proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the Company's properties in Québec, Canada, by December 31, 2026 [2]. - The Company plans to utilize the proceeds to advance its Novador Gold project, explore its Québec properties, and for working capital [3]. Group 3: Company Overview - Probe Gold Inc. is focused on acquiring, exploring, and developing gold properties, owning 100% of the Novador Gold Project and controlling approximately 1,835 square kilometers of exploration ground in Québec [6]. - The Novador project has a Preliminary Economic Assessment indicating an average annual gold production of 255,000 ounces over a mine life of 12.6 years [6]. - The Val-d'Or properties contain gold resources totaling 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category [7].
Probe Gold Announces Closing of $45 Million Bought Deal Private Placement