NexGold Announces Closing of C$112.5 Million Bought Deal Private Placement of Units and Flow-Through Shares

Core Viewpoint - NexGold Mining Corp. has successfully closed a bought deal private placement, raising a total of C$112,552,320 through the issuance of units and flow-through shares, aimed at funding the development of its Goldboro Gold Project and general corporate purposes [1][3]. Group 1: Offering Details - NexGold issued 69,445,000 units at C$1.44 per unit, generating gross proceeds of C$100,000,800, and 7,944,000 flow-through shares at C$1.58 per share, raising C$12,551,520 [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable until October 31, 2027, at an exercise price of C$1.92 [1]. - The offering was led by National Bank Financial Inc., with a cash commission of 5.0% on gross proceeds, except for a reduced 2.5% commission on C$10,000,000 worth of units sold to certain purchasers [2]. Group 2: Use of Proceeds - Net proceeds from the units will fund expenditures related to the Goldboro Gold Project and general corporate working capital [3]. - Proceeds from the flow-through shares will be used to incur Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2026 [3]. Group 3: Insider Participation - Insiders subscribed for 287,500 units and 178,000 flow-through shares, raising aggregate gross proceeds of C$414,000 and C$281,240 respectively [5]. - The participation of insiders is classified as a related party transaction, and the company did not file a material change report prior to the closing date due to the timing of the offering details [5]. Group 4: Company Overview - NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario [7]. - The company is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and promote community well-being [7].