Provenance Gold Announces Fully Subscribed C$4.5 Million Financing with a Strategic Investment Group

Core Points - Provenance Gold Corp. has announced a fully subscribed financing of C$4.5 million from a strategic investment group, involving the issuance of 18 million units at a price of $0.25 per unit [1][2] - Each unit consists of one common share and one-half of a share purchase warrant, exercisable at $0.30 for five years [1] - The offering is expected to close around October 24, 2025, with a one-year hold period on the securities issued [1] Investment Agreement - Concurrently with the offering's closing, an investor rights agreement will be established, granting the strategic investor group rights to participate in future equity financings and maintain their ownership percentage [2] Management Commentary - The President of Provenance Gold Corp. expressed that the offering reflects growing investor interest and confidence in the company, emphasizing the importance of having strategic investors who share the company's vision [3] - The management believes the company is undervalued and is focused on fast-tracking exploration activities to enhance shareholder value [3] Closing Conditions - The completion of the offering is subject to customary closing deliverables and regulatory approval, with a finders' fee owed to a brokerage firm that assisted in the introduction of the strategic investor group [4]