1911 Gold Announces C$20 Million “Best Efforts” Life Offering and Private Placement

Core Viewpoint - 1911 Gold Corporation has announced a private placement offering to raise up to C$20,000,960 through the sale of various flow-through units and non-flow-through units, aimed at funding Canadian development and exploration expenses [1][2][10] Group 1: Offering Details - The offering includes up to 8,065,000 Canadian development expenses flow-through units at C$0.992 each and 3,418,500 Canadian exploration expenses flow-through units at C$1.104 each, totaling up to C$11,774,504 from the LIFE Offering [1][2] - Additionally, the offering comprises 3,750,000 non-flow-through units at C$0.80 each, 2,016,500 Tranche 1 Canadian exploration expenses flow-through units at C$1.104 each, and 2,315,000 Tranche 2 Canadian exploration expenses flow-through units at C$1.296 each, contributing to a total of C$8,226,456 from the PP Offering [2][10] - The total gross proceeds from both offerings are expected to reach C$20,000,960 [2] Group 2: Unit Composition - Each CDE Offered Unit consists of one common share as a flow-through share for Canadian development expenses and one-half of a common share purchase warrant [3] - Each Tranche 1 CEE Unit includes one common share as a flow-through share for Canadian exploration expenses and one-half warrant, while Tranche 2 CEE Units also consist of one common share as a flow-through share for exploration expenses qualifying for a provincial tax credit [3] - Non-FT Units consist of one common share and one-half of a warrant, with each warrant allowing the holder to acquire one common share at a price of C$1.20 for 24 months [3] Group 3: Use of Proceeds - The proceeds from the sale of Non-FT Units will be allocated for general corporate and working capital purposes [10] - The gross proceeds from the sale of Tranche 1 and Tranche 2 CEE Units will be used to incur qualifying expenditures as per the Tax Act, with specific amounts to be renounced to purchasers by December 31, 2025 [6][8][9] Group 4: Regulatory and Closing Information - The offering is subject to necessary approvals, including conditional listing approval from the TSX Venture Exchange, and is expected to close around December 4, 2025 [12] - The Agents have been granted an option to sell an additional 15% of the Marketed Offering, exercisable up to 48 hours before the closing date [4] Group 5: Company Overview - 1911 Gold Corporation is a junior explorer and developer with a land package exceeding 61,647 hectares in Manitoba, including the True North mine and mill complex [16] - The company aims to focus on organic growth and accretive acquisition opportunities in North America [16]