Workflow
Avidian Gold Corp. Files Early Warning Report in Respect of High Tide Resources Corp.
Globenewswireยท2025-09-23 21:00

Core Points - Avidian Gold Corp. has closed the first tranche of a share purchase agreement, selling 4,700,000 common shares of High Tide Resources Corp. at a price of $0.04 per share, with total gross proceeds of $280,000 [1] - The company plans to sell an additional 2,300,000 common shares of High Tide, with the closing expected around October 8, 2025 [1] - Following the sale of the first tranche shares, Avidian now owns 17,142,020 High Tide shares, representing approximately 19.88% of the issued and outstanding shares [4] Ownership Changes - Prior to the sale, Avidian owned 21,842,020 High Tide shares, which represented approximately 25.3% of the issued and outstanding shares [3] - The ownership percentage has decreased by 7.4% compared to the initial ownership and by 5.4% compared to the ownership immediately before the sale [5] Company Background - Avidian Gold Corp. focuses on advanced-stage gold exploration and holds a 100% interest in the Jungo gold-copper property in Nevada [7] - The company is also a significant shareholder in High Tide Resources, which is committed to developing mineral projects critical to infrastructure [8]