Lode Gold Closes $1.51 Million Upsized Private Placement

Core Points - Lode Gold Resources Inc. has successfully closed a non-brokered private placement offering, raising total gross proceeds of $1,513,768 through the issuance of 8,409,825 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 an exercise price of $0.35 per share for a period of 36 months [2][3] - The proceeds from the offering will be utilized for the execution of business plans for Lode Gold and its subsidiary, Gold Orogen [4] Management Changes - Winfield Ding has resigned as CFO, and Wayne Moorhouse has been appointed as Acting CFO while the company searches for a new CFO [5] Financial Agreements - The company has extended the maturity date of a construction loan agreement with Romspen Investment Corporation to October 31, 2025, and will pay $200,000 in interest, split between cash and shares [6] Legal Update - A senior secured debt holder has converted to become one of the largest shareholders, exceeding 19.9%, following a restructuring plan. A former CEO's severance claim was ruled in favor of the claimant for $222,469, which will not materially impact the company's 2025 financial results [7] Company Overview - Lode Gold is an exploration and development company with projects in Canada and the United States, focusing on highly prospective mining jurisdictions [8] - In Canada, the company holds assets in the Yukon and New Brunswick, with significant drilling results and confirmed gold endowment [9][10] - In the United States, the company is advancing the Fremont Mine project in California, which has substantial exploration potential and excellent infrastructure [11]