Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private Placement

Financing Highlights - Gold X2 Mining Inc. has announced a non-brokered strategic investment package totaling $115,898,301, which includes 75,659,611 charity flow-through common shares priced at $1.233 each and 23,800,000 units priced at $0.95 each [2][5][8] - The proceeds from the charity flow-through shares will be used for exploration and resource expansion at the Moss Gold Project, with specific tax benefits for initial holders [6][7] - AngloGold Ashanti will acquire approximately 9.9% of the issued common shares through this offering, while Hess Capital will invest in units that include common shares and purchase warrants [8][11] Board of Directors Update - Tom Obradovich has been appointed as Chair of the Board, bringing significant experience from previous successful projects [3][12] - Brett Richards has retired from the Board, having played a key role in the company's formation and growth [3][13] Strategic Partnerships - The company welcomes AngloGold Ashanti and Hess Capital as strategic shareholders, aiming to develop the Moss Gold Project into a major gold producing asset in Canada [4][5] - An investor rights agreement will be established with AngloGold Ashanti, granting them participation rights in future equity financings and the formation of a joint technical committee for project development [9] Project Development - The Moss Gold Project has a mineral resource estimate of 2.458 million ounces of indicated gold resources and 4.209 million ounces of inferred gold resources, with a preliminary economic assessment suggesting strong production potential [15][16] - The company has invested over $100 million and completed approximately 100,000 meters of drilling on the Moss Gold Project, indicating a commitment to advancing this asset [15]