1911 Gold Announces C$11.5 Million “Bought Deal” Life Offering and Private Placement

Core Viewpoint - 1911 Gold Corporation has announced a bought deal offering to raise gross proceeds of C$11,500,202 through the sale of various types of common shares, including non-flow-through shares and flow-through shares, to fund exploration and development activities [1][9]. Group 1: Offering Details - The offering includes 2,500,000 non-flow-through shares at C$0.20 each, 2,924,000 flow-through shares qualifying as Canadian exploration expenses at C$0.342 each, 26,042,000 flow-through shares at C$0.288 each, and 10,163,000 flow-through shares qualifying as accelerated Canadian development expenses at C$0.246 each [1]. - The underwriters have an option to purchase an additional 15% of the offering in any combination of the offered shares [2]. - The offering is expected to close on or about July 17, 2025, subject to necessary approvals and closing conditions [9]. Group 2: Use of Proceeds - The net proceeds from the sale of non-flow-through shares will be used for general corporate and working capital purposes [6]. - The gross proceeds from the sale of flow-through shares will be used to incur qualifying expenditures related to Canadian exploration and development expenses by specific deadlines [4][5]. Group 3: Regulatory and Compliance - The flow-through shares will be offered under private placement exemptions in Canada, while non-flow-through shares will be offered in compliance with U.S. securities laws [3][11]. - The CEE PP Shares will be subject to a hold period in Canada expiring four months and one day from the closing date of the offering [7]. Group 4: Company Overview - 1911 Gold Corporation is a junior explorer with a consolidated land package of over 61,647 hectares in Manitoba, including the True North mine and mill complex [12]. - The company aims to focus on organic growth and accretive acquisition opportunities in North America [12].