StrikePoint Gold Announces Upsize of LIFE Offering

Core Viewpoint - StrikePoint Gold Inc. has increased the size of its non-brokered private placement due to strong investor demand, now aiming for gross proceeds of up to CAD $3.119 million [1][2]. Offering Details - The LIFE Offering will consist of up to 20,797,460 units priced at CAD $0.15 per unit, each unit comprising one common share and one warrant [2]. - Each warrant is exercisable into one common share at an exercise price of CAD $0.30 for a period of 24 months from closing [2]. - The offering is available to purchasers in Canada, excluding Québec, and the securities will not be subject to a hold period under applicable Canadian securities laws [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be used for exploration activities at the Hercules Gold Project and the Cuprite Gold Project in Nevada, as well as for general working capital [6]. Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction. The participation will not exceed 25% of the fair market value of the company's market capitalization [7]. Company Overview - StrikePoint Gold Inc. is focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [10]. - The management team has extensive experience in exploration, finance, and engineering, with a history of successful transactions in the mining sector [11].