STLLR Gold Announces C$30 Million Financing Including $10 Million Bought Deal and Concurrent Private Placement with Eric Sprott

Core Viewpoint - STLLR Gold Inc. has announced a financing plan totaling C$30 million, which includes a C$10 million bought deal and a concurrent private placement with Agnico Eagle Mines Limited, aimed at enhancing its capital for exploration projects [1][4]. Financing Details - The financing consists of a bought deal private placement of 2,790,200 common shares at C$1.792 per share, generating gross proceeds of approximately C$5 million, and an additional 3,246,800 common shares at C$1.54 per share for another C$5 million, totaling around C$10 million from the bought private placement [4][6]. - A brokered private placement of up to 11,719,000 common shares at C$1.28 per share is also planned, potentially raising up to C$15 million [4][7]. - Agnico intends to participate in a non-brokered private placement of 3,907,000 common shares, which will increase its ownership in STLLR to approximately 11% post-offering [1][4]. Use of Proceeds - The gross proceeds from the bought shares will be allocated to Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred by December 31, 2026 [6][7]. - The net proceeds from the best efforts shares and concurrent shares will be utilized for non-flow-through eligible operating expenses and general corporate purposes [7]. Closing and Regulatory Approvals - The offering is expected to close around October 15, 2025, subject to necessary corporate and regulatory approvals, including from the Toronto Stock Exchange [8]. Related Party Transactions - Participation from insiders in the offering will classify it as a related party transaction, but it is anticipated that such participation will not require minority approval under MI 61-101, as the value does not exceed 25% of STLLR's market capitalization [9]. Company Overview - STLLR Gold Inc. is a Canadian gold development company focused on advancing high-potential gold projects, including the Tower Gold Project and the Colomac Gold Project, which are expected to become large-scale operations [11].