Lode Gold Completes Final Tranche Financing for Total $1.51 Million

Core Viewpoint - Lode Gold Resources Inc. has successfully completed the third and final tranche of its non-brokered private placement, raising a total of $1,513,768 to support its business plans and projects [1][3]. Financing Details - The final tranche raised $326,780 through the issuance of 1,815,446 Units at a price of $0.18 per Unit [1][2]. - Each Unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.35 for three years [2]. Use of Proceeds - The funds raised will be allocated towards executing the business plans for Lode Gold and its subsidiary, Gold Orogen [3]. Company Overview - Lode Gold is an exploration and development company with projects in Canada and the United States [4]. - In Canada, the company holds assets in the Yukon and New Brunswick, with significant drilling results and confirmed gold endowment [5][6]. - In the United States, the focus is on the Fremont Mine in California, which has substantial exploration potential and infrastructure [7][8]. Project Details - The Yukon assets cover approximately 99.5 km² with over 4,500 meters drilled, confirming economic drill intercepts [5]. - The Acadian Gold Joint Venture in New Brunswick spans 445 km² and has confirmed mineralized rhyolites [6]. - The Fremont Mine has a recent NI 43-101 report and is a brownfield project with extensive underground workings and infrastructure [8][9].