NexGold Announces C$110 Million Bought Deal Private Placement of Units and Flow Through Shares

Core Viewpoint - NexGold Mining Corp. has announced a bought deal private placement offering, raising a total of C$110,002,200 through the sale of units and flow-through shares to fund the development of its Goldboro Gold Project and for general corporate purposes [1][5]. Offering Details - The offering consists of 69,445,000 units priced at C$1.44 each, generating gross proceeds of C$100,000,800, and 6,330,000 flow-through shares priced at C$1.58 each, generating gross proceeds of C$10,001,400 [1]. - Each unit includes one common share and one common share purchase warrant, with warrants exercisable at C$1.92 for 24 months [2][3]. - Underwriters have an option to purchase an additional 15% of the offering size in units prior to the closing date [4]. Use of Proceeds - Net proceeds from the units will be allocated to the development of the Goldboro Gold Project and general corporate expenses [5]. - Proceeds from the flow-through shares will be used for Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2026 [5]. Closing and Regulatory Approvals - The offering is expected to close around October 31, 2025, subject to regulatory approvals, including conditional approval from the TSX Venture Exchange [6]. - Securities issued will be subject to a four-month plus one day hold period under Canadian securities laws [6]. Participation and Related Party Transactions - Insiders of the company may participate in the offering, which will be classified as a related party transaction under Multilateral Instrument 61-101 [8]. - The company plans to release a material change report detailing related party transactions prior to the closing of the offering [8]. Company Overview - NexGold Mining Corp. is focused on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario [10]. - The company is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities [10].