Stakeholder Gold Closes Two Tranches of Flow-Through Financing
Spirit Realty CapitalSpirit Realty Capital(US:SRC) TMX Newsfile·2026-03-19 20:30

Core Viewpoint - Stakeholder Gold Corp. has successfully closed two tranches of a non-brokered flow-through private placement, raising a total of $2,290,000 for exploration activities in 2026 [1][2]. Funding Details - The first tranche was priced at $1.10 per unit for 1,000,000 units, while the second tranche was priced at $1.19 per unit for another 1,000,000 units [2]. - Each flow-through unit consists of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of an additional common share at $1.20 for two years [3]. Warrant Provisions - The warrants have an early exercise provision that can be triggered if the 10-day average price of common shares exceeds $1.50, after which unexercised warrants will become void after 30 days [4]. Exploration Plans - The funds raised will be allocated to eligible Canadian exploration expenditures, including both Critical and non-Critical Mineral exploration expenses, with plans to incur these expenditures on exploration properties in Canada [6]. - The company aims to begin drilling in the Skye and East (gold) and Loki (copper) zone targets after the Spring snow melt, with updates expected for shareholders prior to drilling [5][6]. Project Overview - Stakeholder Gold Corp. holds 100% ownership of 930 mineral claims covering 18,520 hectares in the White Gold District of Yukon, Canada, known as the Ballarat Gold-Copper Project [8]. - The company is advancing exploration initiatives on the Skye Gold Zone and the Loki Copper Zone, which are approximately 8 km apart, indicating potential for new discoveries [9]. Additional Operations - Stakeholder also generates cash flow from the production and sale of exotic stones through its Brazilian subsidiary, Mineração VMC Ltda., which operates four independent stone quarries [9].

Spirit Realty Capital-Stakeholder Gold Closes Two Tranches of Flow-Through Financing - Reportify